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ASOS settles trade mark disputes
The etailer is to pay £20.2m in global settlement of litigation case.

By Isabella Griffiths

1 September 2016

UK etailer Asos has reached a global settlement regarding trade mark infringement disputes with high-performance cycle wear manufacturer Assos of Switzerland GmbH and German menswear retailer, Anson’s Herrenhaus KG. The disputes have resulted in several cases being heard in court, as well as multiple trade mark registry actions around the world. 
 
As part of the agreement, Asos is to pay a total of £20.2 million in cash, in a full, final and global settlement of all outstanding litigation with each of Assos and Anson’s, which is said to secure a comprehensive co-existence for all parties.  
 
The payment will be reported as an exceptional item at the year end.
 
“We are pleased to have put this litigation behind us. Entering into this settlement at this juncture is the right commercial decision for our business,” says Nick Beighton, CEO. 
 
This story first appeared on wwb-online.co.uk


 
 
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