ASOS settles trade mark disputes
Online fashion retailer ASOS has reached a global settlement regarding trade mark infringement disputes with high-performance cycle wear manufacturer Assos of Switzerland and German menswear retailer Anson’s Herrenhaus.
The disputes have resulted in several cases being heard in court, as well as multiple trade mark registry actions around the world.
ASOS has entered into agreements whereby it will pay a total of £20.2 million in cash, in a full, final and global settlement of all outstanding litigation with each of Assos and Anson’s.
The payment will be reported as an exceptional item at the company’s year end.
ASOS chief executive Nick Beighton said: “We are pleased to have put this litigation behind us. Entering into this settlement at this juncture is the right commercial decision for our business.”
