UK-based online fashion retailer Asos has been ordered to pay a total of more than £20m to two retailers in Europe over an alleged trademark infringement lawsuit.
Asos has arrived at a settlement with Switzerland-based retailer for cyclist clothing Assos and Germany menswear retailer Anson’s Herrenhaus.
The UK fashion retailer will pay £20.2m to the two firms, reported The Guardian.
This deal will enable Asos to sell athletic leisurewear but not cyclewear. It will also not be able to open outlets in Germany.
When Asos altered its name from As Seen on Screen in 2002, Assos and Anson’s were operational.
Anson and Assos filed legal cases in 2010 and 2011 respectively, which is around the time Asos started to expand overseas.
Assos plans to open its flagship outlet in London this year.
Although Asos was successful in defending its right in the UK, there have also been cases in the US, France and Germany.