Kering and Alibaba Group agree to cooperate in protection of intellectual property and joint enforcement

Landmark agreement between the luxury group home to some of the world’s most desired luxury brands and Alibaba’s e-commerce marketplaces

PARIS and HANGZHOU, China, 03.08.2017 /

French luxury group Kering, and Alibaba Group and its affiliate Ant Financial Services have come to a groundbreaking agreement to cooperate in their efforts to protect intellectual property and take joint enforcement actions 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 unauthorized materials in China and throughout the world.

This 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.

 

About Kering 

A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

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Über Alibaba

Alibaba.com wurde 1999 gegründet und ist eine führende E-Commerce-Plattform für den globalen Business-to-Business (B2B)-Handel, die Käufer und Lieferanten aus über 190 Ländern und Regionen weltweit bedient.

Das Unternehmen bietet B2B-Handelslösungen aus einer Hand, die verschiedene Bereiche der Wertschöpfungskette des grenzüberschreitenden Handels abdecken. Alibaba.com stellt Unternehmen Tools bereit, die ihnen helfen, ein globales Publikum für ihre Produkte zu erreichen, neue Produkte und Lieferanten zu finden und schnell und effizient Bestellungen online aufzugeben. Alibaba.com ist Teil der Alibaba International Digital Commerce Group.

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Team Alibaba
E-Mail: alibaba@schwartzpr.de

Louisa Struif
Tel.: +49 (0) 89 211 871 59
E-Mail: ls@schwartzpr.de

Julia Rauch
Tel.: +49 (0) 89 211 871 43
E-Mail: jbr@schwartzpr.de

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