US luxury jeweler Tiffany & Co. won a trademark suit with chain retailer Costco (good market).
On Tuesday, the New York Southern District Court ruled that Tiffany was successful, ordering Costco to stop using Tiffany’s name and trademark in the promotion and promotion of the product.
According to WWD, Tiffany sued Costco in February 2013, claiming that Costco illegally used the counterfeit Tiffany trademark on the store logo to describe a particular engagement ring, but the pair was not produced by Tiffany.
Costco argues that the term “Tiffany” can be considered a generic term for a single gem bifurcated ring. The District Court for the Southern District of New York dismissed this claim to determine that Costco was falsely using the trademark, which allowed Tiffany to seek compensation from Costco, including loss of profits.
“We are pleased that the Court has pleaded that Costco’s counterfeit use of the Tiffany trademark has infringed our rights on Tuesday, and we believe that the decision further confirms the value of the Tiffany brand,” said Leigh Harlan, vice president of the board of directors and general manager of the board of directors and general manager of Tiffany. And to consolidate our efforts to protect our brand all the time. “