High Value and Luxury Assets
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Couture clothing is one of the most accessible ways individuals can obtain a luxury item. A Chanel handbag or an Armani suit; these classic items never date and are a wonderful investment for any wardrobe.
If you are a retailer or a private individual wishing to purchase or sell couture clothing, there are a couple of legal restrictions that you need to be aware of. At Saracens Solicitors, we understand these requirements fully and can work to ensure you comply with them.
Whether you are buying or selling couture clothing, the number one requirement you will have is that the item is authentic. With many items retailing tens of thousands of pounds, the last thing you want as a retailer or a purchaser is to find out an item you are in possession of is a fake. Designers are also keen to end the trade in counterfeit goods, which is now estimated to consist of 7% of the world’s trade.
There are a number of ways you can exercise due diligence when purchasing couture to ensure its authenticity. These include:
The Silhouette ruling refers to the decision of, Silhouette v Hartlauer (European Court of Justice, C-355/96, 16 July 1998). This ruling goes into detail as to what is permitted / forbidden to be sold as designer goods outside the European Union and provides guidance on invoicing.
Our commercial solicitors can advise you on all aspects of purchasing, distributing and selling couture clothing whether it is from the latest collections or pre-loved. If you are a start-up retailer looking to sell couture or vintage clothing, we can advise you on all aspects of starting your business venture.
To make an appointment contact our London office on 020 3588 3500 or request a callback and
we will be in touch with you at the earliest opportunity.
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