Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Coty says not against online sales, wants to protect luxury brands

Published 31/03/2017, 01:16
© Reuters.  Coty says not against online sales, wants to protect luxury brands
AMZN
-

By Foo Yun Chee

LUXEMBOURG (Reuters) - German beauty products maker Coty rejected claims that its distribution policies imply a blanket ban on online sales, arguing that its main concern was to safeguard the cachet of its luxury brands such as Marc Jacobs, Calvin Klein and Chloe.

The comments by the company, part of U.S. group Coty Inc, came in a landmark case which could determine whether luxury goods companies can stop retailers from selling their products via online marketplaces such as Amazon (NASDAQ:AMZN) or eBay.

Brand owners have for the past decade argued they should have the right to choose their distributors to protect their image and exclusivity. Online platforms say such curbs are anti-competitive and hurt small businesses.

The issue is significant for Europe which accounts for 70 percent of global luxury sales.

The company told Europe's top court that its dispute with German retailer Parfumerie Akzente, which sells Coty's goods on sites including Amazon against its wishes, was not about imposing a ban on such trade.

The company's agreements preventing retailers from selling on third-party online platforms are aimed at preserving the image and quality of its products, its lawyer Andreas Lubberger told the Court of Justice of the European Union (ECJ).

Coty brought the original case in a Frankfurt court which subsequently sought guidance from the ECJ.

Parfumerie Akzente's lawyer Oliver Spieker questioned the validity of Coty's arguments. The company has 26 shops and owns the second biggest online site for perfumes and cosmetics in Germany.

The German government, a proponent of online trade, said online platforms were key outlets for small- and medium-sized enterprises.

"Restrictions must never be abused in order to close off new innovative formats of distribution," its lawyer Thomas Henze said.

eBay said in a statement it was vital to remove restrictions that prevent small and medium-sized businesses from growing and succeeding.

"Platform bans allow brands to keep prices artificially high and restrict consumer choice," the company said.

Luxembourg sees a blanket ban as disproportionate and unjustified, its lawyer Philippe-Emmanuel Partsch said. Amazon's European headquarters is located there.

France, home to luxury brands such as Louis Vuitton and Chanel, sprang to Coty's defence.

Online curbs safeguard the prestige and image of such products, Julie Bousin, lawyer for the French government, said.

Italy, Sweden, the Netherlands and Austria also intervened in the case. An ECJ court adviser will issue a non-binding opinion in coming months. Judges, who follow such recommendations in four out of five cases, will rule shortly after that.

The case is C-230 Coty Germany.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.