THE LAW MOVES SLOWLY: In a case stretching back to 2004, Gucci won a legal dispute with Prada earlier this week as the Court of Florence determined that Prada’s allegations of tortious interference were unfounded in Gucci’s 2001 acquisition of Italian footwear manufacturer Regain, a company based in Montegranaro.
In 2004, Prada filed suit against both Guccio Gucci and Gucci Group Italia Holding, asking for 25 million euros, or about $34 million at current exchange, in damages. Following its decision, the court determined that Prada must cover all litigation fees and expenses related to the case, which were not revealed.
This story first appeared in the February 7, 2013 issue of WWD. Subscribe Today.