Fendi Settles With Walmart
Fendi SpA has settled its lawsuit against Wal-Mart Stores Inc. in which it alleged that Wal-Mart sold counterfeit handbags and wallets in its Sam's Club stores. The suit was filed in the U.S. District Court for the Southern District of New York last year.
According to Wal-Mart's press release, under the settlement, Wal-Mart has agreed to pay Fendi an undisclosed sum. Wal-Mart has also offered to accept returns of any bags, wallets, and scarves purchased at Sam’s Club with a Fendi label for full refunds.