Retail News

Tiffany and Costco settle suit over fake rings

Reuters/Yahoo Finance 07/20/2021

Tiffany and Costco have settled an eight-year-old lawsuit brought by the jewelry brand over rings bearing its name sold by the warehouse club retailer. The settlement followed an appeals court ruling that Costco had acted in good faith when it marketed “Tiffany” rings to members, who were smart enough to have realized that the items were not actual products from the brand.

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