LVMH Busts Bootleg Bags

New Yorkers who have planned to incorporate a knock off Fendi or Louis Vuitton bag into their wardrobe should dash down to Canal street immediately. Last week, LVMH Moet Hennessy Louis Vuitton scored a victory against 29 Chinatown retailers selling counterfeit goods as a federal judge ordered each company to pay $16 million in statutory damages. Which means LVMH could see a total award of $464 million. That would surely take care of some of the conglomerate's debt.