Guess Inc. said on Monday a three-judge panel in Paris ruled in its favor in the trademark case brought by Gucci. In a 44-page ruling, the Court of Paris rejected claims made by Gucci and found that Guess didn't infringe upon Gucci's trademark. It also found no counterfeiting and unfair competition, Guess said. The court also denied Gucci's request for 55 million euros, or about $62 million, in damages and instead ordered it to pay Guess 30,000 euros, or $34,000, Guess said. The court argued Gucci can't claim exclusive use to its "G" marks any more, according to Guess. Guess said Gucci has brought "case after case" against it the past six years and has lost each time. Guess shares were unchanged in after-hours trading.
Copyright © 2015 MarketWatch, Inc.