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Luxury brands sue Chinese online shopping giant for allowing fakes
It's no secret that luxury designers see Chinese online stores as a haven for fake goods, but they're now taking concerted action to shut down these less-than-official outlets. Kering, the parent company behind brands like Gucci and Yves Saint Laurent, is suing shopping giant Alibaba for allegedly letting counterfeiters sell their wares in the US and elsewhere. The company did nothing to shut these operations down even when told what was going on, according to the complaint. Kering had tried suing Alibaba last July, but it dropped the case in hopes of hashing out a deal -- clearly, those negotiations didn't get very far.
Apple recruits Yves Saint Laurent CEO for VP position focusing on 'special projects'
Paul Deneve, former CEO of fashion outfit Yves Saint Laurent, has joined Apple's top ranks as a vice president. Cupertino says he'll report directly to Tim Cook and will work on "special projects," but there's no word on exactly what he'll be responsible for. While there's no sure-fire way of telling what Deneve will be up to, his experience in fashion and retail brings a few possibilities to mind. Namely, heading up Apple's retail efforts or lending his design chops to wearable computing projects and hardware development in general. It'll likely be a while before we see the fruits of Deneve's labor with his new employer, but now you'll know who to thank if Apple's gadgets receive an extra dose of je ne sais quoi.
