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Kering, Alibaba agree to protect intellectual property
04
Aug '17
French luxury group Kering, and Alibaba Group and its affiliate Ant Financial Services have signed an agreement to cooperate in their efforts to protect intellectual property and take joint enforcement actions. The actions will be taken online and offline against infringers in order to provide the best consumer experience and a trusted environment.

The new partnership represents a milestone in both parties’ investment and efforts to protect brands’ intellectual property rights. The companies have established a joint task force with the purpose of collaborating fully, exchanging useful information, and working closely with law enforcement bodies to take appropriate action against infringers of Kering’s brands identified with Alibaba’s advanced technology capabilities.

Kering and its brands will continue to vigorously enforce their intellectual property rights against individuals and third parties responsible for the production, distribution and sale of unauthorised materials in China and throughout the world, said Kering in a press release.

The agreement reflects the parties’ firm belief that taking proactive measures and using advanced technology will help law enforcement bodies and other relevant authorities address the challenges of intellectual property infringement.

As part of the agreement, Kering has agreed to dismiss the lawsuit filed against Alibaba and Alipay, an Ant Financial subsidiary, in the US district court in New York. (KD)

Fibre2Fashion News Desk – India


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