MOLSBY & BORDNER LLP: Business litigation: Saks Fifth Avenue sued by Cartier

By Press release submission | Nov 6, 2018

Molsby & Bordner LLP issued the following announcement on Oct. 24.

Saks Fifth Avenue has been around for a long time. Most luxury shoppers in California are familiar with the high-end retailer, whose flagship store is located in the Northeastern part of the country. The business litigation involves a claim made by Cartier, another high-end company known for its jewelry and watches.

Cartier reportedly got upset when Saks underwent a renovation project. In its claim, Cartier states that not only were its luxurious jewels and watches relocated to a section of the newly designed store that doesn't get much traffic, the products were also covered in dust during construction. Cartier requested that Saks relocate its line to a prominent location in the new store, as having a front-and-center position is more typical when stores stock their luxury items.

The problem is that rather than comply with the request, Saks reportedly severed its contract with Cartier. It was a five-year deal that still had approximately three years left. Following the move by Saks, Cartier filed a breach of contract lawsuit in New York State Supreme Court. Contract litigation is often quite complex; the wording of a contract can have a lot of impact on the court's decision.

Cartier lists damages at $40 million in the business litigation case against Saks.

Original source can be found here.

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