101.7 FM IN GENEVA DAB+, CABLE & SATELLITE ACROSS SWITZERLAND
Geneva luxury goods firm Richemont has won a case in Russian court against fake luxury products.
Richemont filed a complaint against Moscow company Ritter Gentlemen for using the names Jaeger-le-Coultre and Vacheron Constantin on Russian goods.
Both high-end brands are part of Richemont’s business.
A spokesman called the case an “important success.”
For the Swiss watch industry as a whole it loses an estimated 800 million francs a year from forgeries.