LVMH is a luxury conglomerate named after only two of its brands, Moët Hennessy and Louis Vuitton. Other brands it owns that you might have heard of are Dom Pérignon, Dior, Fendi, Marc Jacobs, and Sephora. Yet while you can find its products in most department stores, you will not find them being sold officially at the Everything Store: LVMH will definitely not be selling its products on Amazon. [More]
That headline is the good news. The bad news is the $61 million in damages ordered by a French court isn’t meant for regular shoppers who have been defrauded when shopping on eBay. Instead, it’s been awarded to LVMH Moët Hennessy Louis Vuitton, the French luxury goods company behind Louis Vuitton purses (among other fancy things, as you can see from their name). LVMH argued that “90 percent of the Louis Vuitton bags and Dior perfumes sold on eBay are fakes,” and that eBay profited off the sales without doing enough to stop them. EBay can appeal the decision, or simply click the “Pay It Now!” button.