Louis Vuitton and New Balance Reach Settlement Agreement Concerning Shoe Design
December 16th 2009
Boston, MA -
New Balance Athletic Shoe, Inc. ("New Balance") and Louis Vuitton Malletier ("Louis Vuitton"), owners of some of the word's best-known trademarks and designs, have resolved the suit filed by New Balance concerning its iconic 574 model shoe and the design of Louis Vuitton's Minstrel shoe. Louis Vuitton acknowledges that New Balance owns valid and protectable rights in the 574 trade dress, and the lawsuit has been dismissed.
Michael Pantalony, Director of Civil Enforcement, North America, for Louis Vuitton, said, "We are pleased to have reached an amicable resolution of this matter with New Balance. In the interest of reaching a resolution with New Balance, Louis Vuitton has discontinued selling the Minstrel shoe. Respecting and protecting the integrity of intellectual property is essential, and is a top priority for Louis Vuitton."
Ed Haddad, Vice President of Intellectual Property for New Balance, said, "We appreciate Louis Vuitton's cooperation in promptly resolving this matter. Both companies are united in the fight to protect intellectual property. Based on our experience in resolving this issue and understanding what we both share in protecting intellectual property, we now hope to explore joining forces with Louis Vuitton in certain anti-counterfeiting initiatives."
About New Balance:
New Balance, headquartered in Boston, MA has the following mission: Demonstrating responsible leadership, we build global brands that athletes are proud to wear, associates are proud to create and communities are proud to host. New Balance employs more than 4000 people around the globe, and in 2008 reported worldwide sales of $1.64 billion. For more information, please visit www.newbalance.com.
About Louis Vuitton:
The world leader in luxury, Louis Vuitton has been synonymous with the art of stylish travel since 1854. Since 1997, with the arrival of the designer Marc Jacobs, it has extended its expertise to women's and men's ready-to-wear, shoes, watches and jewelry, sunglasses, combining traditional craftsmanship with flair and innovation to create a complete lifestyle experience.
New Balance: Amy Dow; 617-746-2214; email@example.com
Louis Vuitton: Kekst and Company; Victoria Weld/Jim Fingeroth; 212-521-4800