PARIS — L’Oréal and eBay have settled their long-standing legal proceedings, the companies said jointly Wednesday.
“Details of this settlement, including financial terms in favor of L’Oréal, are confidential,” the firms said. “L’Oréal acknowledges eBay’s commitment in the fight against intellectual property infringement. This settlement agreement follows the decision of the Court of Justice of the European Union of July 12, 2011. The parties believe that cooperation, rather than litigation, is the way forward to fight against counterfeiting.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"