Here are TFL’s Top Stories of the Week

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This week brings you a quick dive into developments in relevant legislation in the European Union and California, with the European Council adopting  the EU Design Legislative Reform Package (which includes the Recast Directive on the legal protection of designs and the Amending Regulation on community designs) and California’s governor signing a bill that maintains impending climate reporting requirements for companies operating in the state but changes the timeline for reporting Scope 3 emissions.


EU Design Law Reform


First things first, on Oct. 10, the EU Commission adopted the Design Legislative Reform Package, which is “the last step in the decision-making procedure” before the law comes into force. Aimed at “strengthening, simplifying, and standardizing existing design protection across the EU, while also aligning design protection with trademark rules,” the Commission says that the reform “should also enhance predictability and harmonize EU design protection with Member States’ national laws, benefitting designers, SMEs and businesses alike.”


At a high level, key elements of the reform (EU Regulation 2022/0391 and EU Directive 2022/0392) include …


– Expanded Definitions of “Design” and “Product”: The definition of “design” will be expanded to include features like lines, contours, colors, shape, texture, and materials, among other things. Meanwhile, products will now include non-physical and digital products.


– Julie Zerbo
Founder & Editor-in-Chief

New cases, litigation & other legal updates …


> Skintologist dba FacialWorks v. Geneo United: In a new trademark infringement case, two skincare companies are at odds over the use of the GLO2 trademark.


> Lee v. Fendi: Paparazzi photog Jackson Lee is suing LVMH-owned Fendi for copyright infringement for posting photos of Jennifer Lopez and model Kaia Gerber holding Fendi bags on its social media accounts without licensing the images.


> Barbera v. Fendi: In a separate but similar copyright lawsuit, Fendi is being sued by Robert Barbera over its use of an image of Rihanna. In his complaint, Barbera asserts that Fendi “has not implemented adequate internal policies to verify copyright ownership before content use, indicating a gross negligence in legal compliance, which is essential for a company with [its] reach, capabilities, and level of sophistication.”

In some recent deal-making (and other finance) news …


> TFL EXCLUSIVE: Richemont has signed an agreement for MYT Netherlands parent B.V. Mytheresa to acquire 100% of the share capital of Yoox Net-a-Porter. (More about that below.)

> Saudi Public Investment Fund, Saudi Arabia’s sovereign wealth fund, will acquire a 40% stake in Selfridges

> Watches of Switzerland Group has acquired watch editorial website Hodinkee

> Case Status, an AI-powered client engagement platform for law firms, has raised $19.7M in a Series B.

> EvenUp, which helps lawyers streamline tasks, has raised $135M in a Series D, bringing its valuation to more than $1B.

> AI-powered environmental management solutions provider forward earth has raised €4.5M in a Seed round.

> Singulate, a generative AI marketing platform, has raised a $2.3M in a Pre-Seed round.

> Conversational marketing platform Tildei has raised $6M in a Seed round.

Here are TFL’s top articles of the week …

1. As TFL reported before anyone elseMytheresa to Acquire Loss-Making YNAP from Richemont. Sources exclusively tell TFL that Richemont will invest between €800 million & €1 billion in a capital increase for YNAP to cover the platform’s losses.


2. Novo Nordisk Ramps Up Lawsuits Over Fake Ozempic, as Demand Skyrockets. Ozempic maker Novo Nordisk is escalating its trademark enforcement efforts even further if the slew of lawsuits the Danish pharmaceutical giant filed over the last month, alone, is any indication.


3. 2nd Cir: Warby Parker’s Keyword Ads Don’t Infringe 1-800 Contacts’ TMs. A panel of judges for the Second Circuit ruled that purchasing a competitor’s trademark as a keyword, without a likelihood of confusion, does not amount to trademark infringement.

4. IP and AI: What Companies Need to Consider Now. What IP law pitfalls do companies need to be aware of when using AI in connection with their business operations?


5. Fashion’s Pro-Sustainability Bills Could Trigger Chinese Trade Retaliation. If these bills come into force, the fashion industry will finally have its moment of reckoning with China – and the sector should brace itself for Beijing’s response.


6. The Legal Battle Behind a Couple of the Year’s Hottest Shoes. Steve Madden claims that Ganni has been “harassing” it & retailers that stock its products in an effort to get them to stop selling Steve Madden shoes that mirror its Buckle Ballerina flats & Two-Strap Sandals.

7. Nike “Did Not Care” It Was Ripping Off Smaller Co.’s Trademark, Per Review. A court-ordered review found that Nike acted with “reckless indifference” to Lontex’s rights, infringing its mark in a way that was “so unreasonable that it is outrageous.”


8. AI Legislation: Breaking Down California’s New AI-Focused Laws. California’s new legislation focuses on creating a transparent framework where AI systems are accountable for their actions, promoting ethical development & use across various industries.


9. Our Running Timeline of Fashion, Luxury Funding and M&A is up to date. The newest deal on this list: Saudi Public Investment Fund, Saudi Arabia’s sovereign wealth fund, will acquire a 40% stake in Selfridges.


10. In case you missed this PRO+ exclusive… Snapshot: Creative Director Musical Chairs Puts Employment in the Spotlight.