Apple Inc. agreed to buy Beats Electronics LLC for $3 billion, its biggest-ever acquisition, nabbing a popular line of headphones and a nascent subscription music-streaming service as the iPhone maker seeks to rev up growth.
Christian Louboutin SA, the designer of expensive red-sole women’s shoes popularized by characters on “Sex and the City,” will know soon whether Yves Saint Laurent America Inc. must stop sales of its red-soled footwear until the resolution of a trademark lawsuit, a judge said.
Christian Louboutin Sarl won trademark protection for its women’s shoes with red soles and different colored tops while an appeals court also ruled the company can’t trademark a design that is simply all red.
Christian Louboutin SA , the designer of expensive red-sole women’s shoes popularized by characters on “Sex and the City,” sued Yves Saint Laurent America Inc. , alleging it violated Louboutin’s trademark for the footwear.
Yves Saint Laurent SAS, following an appeals court ruling in September that it has the legal right to sell monochromatic women’s shoes with red soles, asked a federal judge to dismiss counterclaims it filed against Christian Louboutin Sarl.
Kering SA’s Gucci luxury-goods brand posted the weakest quarterly sales growth in four years amid softening demand in Europe and China, increasing concern over a slowdown at the company’s biggest unit.