BECOME CINDERELLA AT ONE DOLLAR?: GREY MARKET IMPORTS PLAY FAIRY GOD MOTHER
The Economic Times reported that French cosmetics and toiletries giant L’Oreal had filed an injunction suit against the discount retailer MyDollarStore, alleging that the latter had infringed its intellectual property rights (IPR) and illegally imported its goods into the Indian market. The report further stated that the two parties are in talks which could lead to an out-of-court settlement. The report pointed out that in such cases the issue for the MNCs is that these allegedly ‘illegal imports’ of top […]
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