Fakes at COSTCO?!?!

[Explorer II Freak]

I wonder if the Rolexes that members talk about seeing at Costco are fake also?



http://money.msn.com/business-news/a...14&id=16126079

[Mickey®]

Originally Posted by Explorer II Freak

I wonder if the Rolexes that members talk about seeing at Costco are fake also?



http://money.msn.com/business-news/a...14&id=16126079

This was about "trademarks" and misrepresentation of the Tiffany brand I think...not fakes and the article didn't mention anything about Rolex.

[robertneville]

Costco had issues with selling grey market Omegas a few years ago as well.

[Mickey®]

Originally Posted by robertneville

Costco had issues with selling grey market Omegas a few years ago as well.

They'd have to be "grey" if they aren't an AD, right?

Grey isn't Fake though...

[Explorer II Freak]

Originally Posted by Mickey®

This was about "trademarks" and misrepresentation of the Tiffany brand I think...not fakes and the article didn't mention anything about Rolex.

This is a paragraph from the article:

"Tiffany said it believes hundreds, if not thousands, of Costco members bought engagement rings they believed were authentic Tiffany products but in fact were not."

[Mickey®]

Originally Posted by Explorer II Freak

This is a paragraph from the article:

"Tiffany said it believes hundreds, if not thousands, of Costco members bought engagement rings they believed were authentic Tiffany products but in fact were not."

I as reading "fake" as not a real diamond not that it had a blue box and people thought it was Tiffany...

Another article....

Luxury brand Tiffany is taking legal action against Costco for allegedly selling Tiffany-branded engagement rings that were actually counterfeit – and is seeking financial compensation for copyright infringement.

The trademark lawsuit has been filed in the Manhattan federal court and claims that Costco has been selling the rings as early as November 2011, NBC News reports.

According to the court documents, Costco tried to mislead customers into buying the baubles thinking they were Tiffany originals offered at a significant discount when, in fact, they were fakes.

Tiffany was first advised of this in November 2011, when a customer purchased a diamond ring from Costco thinking it was a Tiffany original and wrote back to say he was disappointed in its quality.

An investigation immediately revealed that this was not a singular case. In fact, Huntington Beach Costco was selling numerous rings branded as Tiffany even though they were not.

Costco salespeople were even referring to the rings as Tiffany to potential customers, in what was an obvious attempt to mislead them, the lawsuit says.

The lawsuit asks for “Costco to forfeit profits from the ring sales, plus damages of $2 million per infringement,” the publication says.

“This is not the kind of behavior people expect from a company like Costco, and this case will shed a much needed light on this outrageous behavior,” Jeffrey Mitchell, a lawyer for Tiffany, is quoted as saying.

In arguing in favor of the lawsuit, he adds that Tiffany maintains “aggressive and rigorous intellectual property program, and regularly takes actions against counterfeiters and infringers.”

NBC News notes that many major companies take similar action in this kind of situations because having counterfeits on the market is bad for their brand.

So far, Costco is yet to comment on the claims made in the lawsuit.

[TempoKing]

I think Costco should buy Tiffany if they like to "baptize" their "garbaz"
as tiffany products..(?)..with the money the gross every year selling cheap
goods.....should probably cost Costco less than 3 weeks worth of income
Cheap way to get rid of the suit and turn Tiffany into a trailer-park brand.

[mrbill2mrbill2]

Originally Posted by Mickey®

I as reading "fake" as not a real diamond not that it had a blue box and people thought it was Tiffany...

Another article....

Luxury brand Tiffany is taking legal action against Costco for allegedly selling Tiffany-branded engagement rings that were actually counterfeit – and is seeking financial compensation for copyright infringement.

The trademark lawsuit has been filed in the Manhattan federal court and claims that Costco has been selling the rings as early as November 2011, NBC News reports.

According to the court documents, Costco tried to mislead customers into buying the baubles thinking they were Tiffany originals offered at a significant discount when, in fact, they were fakes.

Tiffany was first advised of this in November 2011, when a customer purchased a diamond ring from Costco thinking it was a Tiffany original and wrote back to say he was disappointed in its quality.

An investigation immediately revealed that this was not a singular case. In fact, Huntington Beach Costco was selling numerous rings branded as Tiffany even though they were not.

Costco salespeople were even referring to the rings as Tiffany to potential customers, in what was an obvious attempt to mislead them, the lawsuit says.

The lawsuit asks for “Costco to forfeit profits from the ring sales, plus damages of $2 million per infringement,” the publication says.

“This is not the kind of behavior people expect from a company like Costco, and this case will shed a much needed light on this outrageous behavior,” Jeffrey Mitchell, a lawyer for Tiffany, is quoted as saying.

In arguing in favor of the lawsuit, he adds that Tiffany maintains “aggressive and rigorous intellectual property program, and regularly takes actions against counterfeiters and infringers.”

NBC News notes that many major companies take similar action in this kind of situations because having counterfeits on the market is bad for their brand.

So far, Costco is yet to comment on the claims made in the lawsuit.

Wow!!

This could/should become exciting!!