Zurich (Switzerland) (AFP) – The luxury jewelry house Cartier, a subsidiary of the Swiss group Richemont, announced today, Tuesday, that it has filed a lawsuit in the United States against Tiffany & Co., owned by the French group LVMH, for accusing it of “… Unfair competition.
In an email to AFP, the house explained the claim that senior managers of the American brand had “inappropriately” tried to obtain information about Cartier’s activities in the United States through a former employee.
The lawsuit, filed in a New York court, cited the former employee who quit her job at Cartier to join Tiffany.
Cartier pointed out that it “fully respects the right of competitors to work to achieve their commercial objectives.”
But “in this case, Tiffany’s business ambitions crossed the line between the normal trading path and unfair competition.”
Cartier, known for its leopard-shaped jewelry and queen’s crowns, is the most prominent jewelry brand within the Richemont group in terms of revenue.
A spokesman for the American brand, which was bought by the French group “LVMH” last year, responded that “Tiffany categorically denies the baseless allegations and intends to defend itself fiercely.”
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