( February 25, 2021, 22:31 GMT | Official Statement) -- MLex Summary: The RealReal filed counterclaims against Chanel, accusing it of engaging it anticompetitive conduct to keep The RealReal from competing. According to TheRealReal, Chanel has entered into exclusive contracts with high-end retailers and coerced them to not do business with resellers, engaged in a group boycott with print and digital advertisers to stop competitors from advertising in high-impact locations, falsely advertised that resellers sell “fakes,” and wrongly claimed that only Chanel can authenticate pre-owned Chanel handbags.See document below. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.