Just months after winning a major payday from Filene's Basement, the luxury fashion label has scored more than $10 million in an out-of-court settlement with Burlington Coat Factory, WWD reports.
As we previously reported, Fendi had sued the discount retailer for "willful counterfeiting" and allegedly violating a decades-old injunction banning them from selling the label's goods without authorization, according to the paper.
"Fendi takes all appropriate and necessary action to protect our customers against counterfeiting and infringement," Fendi chairman and CEO Michael Burke told WWD.
"We also expect retailers to acknowledge and uphold their responsibility to verify their sources and to sell only authentic goods.
"It's particularly reassuring that the district court made clear in its rulings in this case that the retailer is responsible for making sure that trademarked products sold to the public are authentic, and that the consequences when a retailer sells counterfeit goods are serious.
"They [retailers] challenge you: They tell you they fell off a truck. I can assure you, boxes of Fendi handbags do not fall off trucks."
Oh, if only!
In other retail news, get a sneak peek of Lanvin's H&M collection.