<div id="readability-page-1"><div>SINGAPORE - ValueMax says it does not currently carry LV products at all its outlets, in response to queries after news broke that the SGX-listed company is being sued by global luxury and fashion goods company Louis Vuitton.It was reported on Dec 17 that Louis Vuitton – or LV – was taking issue with two pieces of jewellery sold or offered for sale by ValueMax Retail. These pieces were allegedly at ValueMax Retail’s Yishun Street 22 store in July and August 2024 and had signs similar to, or identical to, one or more of LV’s marks. LV has four trademarks registered in Singapore: the “LV” monogram and three graphical motifs, The Business Times reported. In a filing on SGX on Dec 18, ValueMax Group said the claims were that ValueMax Retail had allegedly sold at least one piece of gold charm and allegedly offered, or exposed for sale at least one other pair of gold earrings at one of the group’s stores. “The group has explained that these said gold charm and gold earrings were unredeemed pawned items procured through separate sources by the group,” ValueMax said in the statement. It added that it shall “vigorously and robustly defend these claims brought forward by LV at every appropriate legal stage and will take all necessary action to defend its reputation”.It also noted that the case will not have any material impact on the group’s business or its financial statements that end Dec 31. In response to queries from The Straits Times on Dec 19, a spokesperson said: “At the current moment, ValueMax does not sell any LV products in our pawnshops.”The group does sell other pre-owned branded jewellery such as Cartier, Tiffany, Bvlgari and other brands of jewellery, as well as pre-owned branded watches such as Rolex, Patek Philippe, AP and Omega. According to its website, it has 46 pawnbroking and retail outlets and two standalone retail outlets in Singapore. “Just to be on the side of caution, we currently do not carry LV products at all our outlets,” the spokesperson said. ValueMax also has 26 outlets in Malaysia, comprising 22 pawnshops and four retail outlets. In its lawsuit reported by BT, LV said its brand is one of the world’s most valuable and is also one of the most counterfeited luxury brands in the world. Hence, it needs to deter infringements, as its reputation and goodwill will be damaged by counterfeit goods, it said. LV alleged that ValueMax Retail had made misrepresentations to the public that the jewellery in question were LV goods or that there was some association between the jewellery and LV, BT reported. LV also said it is entitled to statutory damages under the Trade Marks Act, which are up to $100,000 for each type of goods or service in relation to which the trademark has been infringed. ValueMax said in its filing that: “Considering the circumstances of the acquisition of the items, ValueMax Retail further regrets that the parties have not been able to meaningfully and amicably resolve the issue in their mutual interests.” It added that the group will provide an update as and when there are material developments. ValueMax closed down by 1 per cent at 95.5 cents on Dec 19, from its opening price of 97 cents.</div></div>

方圆集团

新加坡公司方圆集团正在对路易威登（LV）关于涉嫌商标侵权的指控进行辩护。LV 指控方圆集团销售带有与 LV 商标相似的珠宝。方圆集团声称这些物品是未赎回的典当商品，并否认销售 LV 产品。该公司计划维护其声誉，并表示此案不会影响其财务状况。LV 寻求法定赔偿，引用其品牌价值和假冒问题。方圆集团的股票在消息公布后下跌了 1%

方圆集团表示将为 LV 的侵权指控进行辩护，并称目前并未销售 LV 产品