Tiffany sues Costco | IR News

Tiffany sues Costco

Posted Date: 18/02/2013

By Inside Retail

Jewellery icon Tiffany & Co is suing big box bargain retailer Costco for an alleged copyright infringement.

The blue-hued brand last Thursday filed a suit in Manhattan court to force Costco to forfeit profits from the sale of rings, plus damages of US$2 million.

Tiffany alleges the warehouse club chain is selling counterfeit diamond engagement rings bearing the product name Tiffany.

It said it believes hundreds or even thousands of Costco members have bought rings believing them to be authentic Tiffany product.

"This is not the kind of behavior people expect from a company like Costco, and this case will shed a much needed light on this outrageous behavior," said Jeffrey Mitchell, a lawyer for the jewellery retailer.

Tiffany is known for its aggressive behaviour regarding copyright infringement, and has even trademarked its signature robin egg blue used in its packaging.

Keywords: tiffany, costco, lawsuit

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