‘Raymond Jewels’ fined Rs 10 L for infringing on Raymond trademark
A Mumbai-based fabric maker has been asked by the Bombay High Court to pay a compensation of Rs 10 lakh for infringing on the trademark of the famous branded fabric and fashion retailer Raymond. The court also prohibited ‘Raymond Jewels’ from using the term ‘Raymond’ in its name and also forbade them from selling fabric under this label.
After hearing the petition filed by the owner of Raymond, Gautam Singhania, Justice SJ Kathawala held that the respondent ‘Raymond Jewels’ should change its corporate name to a name that does not contain the term ‘Raymond’ and it should be done within a period of 45 days. The court also ordered the defendant to pay a fine of Rs 10 lakh for infringing on the trademark of ‘Raymond’ and if they fail to pay the fine by April 28, its director Ameet Gupta will have to undergo seven days of simple imprisonment.
Tina Jain Mehta, the founder of Mumbai-based boutique branding agency Pineapple Consulting, said that in the modern world where everybody is closely connected it has become extremely difficult for any copycat to go unnoticed. She also said, “We have seen many such small companies come to us after they realise the mistake but by then the damage is already done to both their reputation and business. It is always better to have a long-term view for the brand and create distinct identity.”
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