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Stock impact report

Estée Lauder sues Walmart, claiming retail giant selling knockoffs [USA TODAY]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: USA TODAY
The lawsuit was filed on Monday, Feb. 9, in the California Central District Court. In it, Estée Lauder accused Walmart of selling fake versions of its brands: Aveda, Clinique, La Mer, Le Labo and Tom Ford. Estée Lauder said the products "bear marks that are identical with, substantially indistinguishable from, or confusingly similar” to products sold by the cosmetics company, according to court records posted by To back up its claim, Estée Lauder said in the lawsuit that it has bought and tested some of the alleged counterfeit products to test their authenticity and determined that they were not made by the company. Moreover, Estée Lauder accused Walmart of being aware that it was selling counterfeit products on its website and that it did “very little” to ensure products sold were authentic. In an emailed statement to USA TODAY, Walmart said it had "zero tolerance for counterfeit products." "We will respond appropriately with the court when we are served," the retailer sai Show less Read more
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