Yes, The Gucci/Guess Drama Is Still Making Headlines
In May, Guess and its shoe licensee Marc Fisher Footwear lost a three-year battle to Gucci. The Italian luxury house was only awarded $4.7 million, despite asking for $221 million. WWD originally reported that Guess had to pay $2.1 million and Fisher had to pay $2.6 million to Gucci in damages. But then it was reported that Gucci would actually be awarded $4.61 million, with Guess paying $2.3 million, Fisher paying $1.9 million, and the difference being paid by several of Guess’s other licensees involved in the suit.
And then on Monday, the Manhattan Federal Court drastically reduced Fisher’s $1.9 million sentence to a mere $456,183. Pennies! The company is obviously pretty happy with the new ruling, and explains:
“We are pleased with the judge’s decision to reduce the damages, although we are disappointed in the finding that any footwear infringed. Gucci clearly was overreaching, as reflected by the fact that more than 90 percent of Gucci’s claims were thrown out, leaving a minor dispute that could have been resolved years ago without litigation.”
Gucci also seems okay with the decision, but wants to emphasize that the new ruling is merely a calculation error:
“Gucci America acknowledges today’s decision in its case against Guess Inc. and its licensees, which simply corrects a calculation error on the court’s part in its original ruling. This does not change the substance of the original May 21 decision, in which the court found that Guess had willfully infringed Gucci’s iconic designs and that for this reason Gucci should be granted an award on some of the profits made by Guess for its retail sales. Gucci remains confident that the court’s ruling in this case will continue to serve as a powerful deterrent.”