This week saw continuing C-Level adjustments, which have largely come hand-in-hand with the recent bout of musical chairs of the industry’s most celebrated creative directors. Burberry Group announced today that its chief operating officer, John Smith, is resigning after seven years at the company. According to a statement from the brand, Smith plans to pursue new interests and will step down from the board by the summer of next year.
The news comes just days after Burberry cut the yearly pay of its dual-CEO and chief creative officer, Christopher Bailey, by 75%. Bailey's base salary remained stable but his bonuses were cut to zero because Burberry failed to hit profit targets. Also in the news: Shortly after revealing a plan to speed up production and cut down on its retail network, Ralph Lauren poached Jane Nielsen, the chief financial officer of handbag maker Coach, as part of a bid to reinvigorate the 49-year-old brand with fresh management.
Here are some of the other articles you may have missed this week …
1. Luxottica Sues BCBG Max Azria Over Trademark-Protected Wayfarers: Luxottica Group, the maker of Ray-Ban sunglasses, has sued BCBG Max Azria, alleging that the Southern California-based fashion brand is knowingly infringing the name of its famous trademark-protected "Wayfarer" style sunglasses.
2. Balenciaga Named in Patent Infringement Suit Over Studded Sandals: JPT, the owner of Bernardo sandals, has filed a patent infringement suit against Balenciaga in connection with a design patent protected pair of embellished T-strap sandals.
3. LVMH Adds Five New Patents to its Roster of Protected Designs: The luxury conglomerate, parent to Louis Vuitton, Celine, Givenchy, and Loewe, among others, continues to stockpile IP rights.
4. Amazon is Now Bringing Claims Against its Own Merchants for Posting Fake Reviews: Amazon is ramping up efforts to curb the sale of fake and low quality goods and the posting of fake reviews on its site by bringing claims against an array of its own merchants.
5. The Rise in Native Advertising & The (Legal) Do's and Don’ts: This new form of advertising comes with a new set of legal rules.
6. Christian Dior Comes Under Fire Amid Johnny Depp Abuse Claims: On the heels of a number of athlete endorsement deals gone awry, Christian Dior has kept Johnny Depp on board as the face of its Sauvage fragrance campaign.