In Brief: Search Rights…Moody’s Textile Downgrades…Finish Lyon…Zwerner Joins Hilfiger
SEARCH RIGHTS: LVMH Moët Hennessy Louis Vuitton is still in a litigious mood. The French luxury firm, which has ongoing, high-profile lawsuits against investment bank Morgan Stanley and the author of an unauthorized Bernard Arnault...
SEARCH RIGHTS: LVMH Moët Hennessy Louis Vuitton is still in a litigious mood. The French luxury firm, which has ongoing, high-profile lawsuits against investment bank Morgan Stanley and the author of an unauthorized Bernard Arnault biography, has also sued Google for infringement on its Louis Vuitton trademark. LVMH declined all comment on the suit, which is believed to hinge on the way companies pay the online search engine to be associated with certain keywords, even if they are trademarks belonging to another firm. Vuitton is expected to present its case before a Paris court Monday. Two French travel firms recently won $89,000 in damages from Google’s French subsidiary for trademark violation. A Google spokeswoman said the company will appeal that decision, but declined to comment on the LVMH matter.
MOODY’S TEXTILE DOWNGRADES: Debt-ratings agency Moody’s Investors Service on Monday lowered its rating on a pair of domestic textile mills, citing high debt levels and continued weak industry performance. Moody’s cut its senior implied rating on Dan River Inc. to “Caa2” from “B2,” and revised its outlook to negative from stable, citing the company’s recent lowering of its second-half sales projections and violation of a financial covenant. It also lowered its senior implied rating on Delta Woodside Industries to “B3” from “B2,” and changed its outlook to negative from stable. The agency said the move “reflects the deterioration of Delta’s revenues and operating margins.”
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)