Fendi, a division of LVMH Moet Hennessy Louis Vuitton, is suing Wal-Mart for selling counterfeit handbags and wallets in its Sam’s Club warehouse stores, a Bloomberg News article on ChicagoTribune.com reports.According to the article, Fendi accused Wal-Mart of fencing fake Fendi handbags in its Sam’s Club stores for roughly $525. The authentic products retail for about $900.Sam’s Club is selling “handbags, shoulder bags, purses, wallets and key chains” that “imitate the designs of the Fendi products” and carry imitation Fendi trademarks, the complaint says.The article states the suit accuses Wal-Mart of earning millions of dollars by selling the knockoffs in stores in New York, California, Illinois and Florida. The company seeks undetermined damages and a ruling blocking Wal-Mart from selling the copies. Fendi identified 12 alleged knockoffs that Wal-Mart is selling in its Sam’s Club stores. A counterfeit wallet is on sale for $199, the suit says, and the retail price for the genuine article is $385.For more information on counterfeiting, read Faked in China. Keep checking in at our Security Feed page, or subscribe via RSS, for updated news coverage.Compiled by Paul Kerstein Related content news Multibillion-dollar cybersecurity training market fails to fix the supply-demand imbalance Despite money pouring into programs around the world, training organizations have not managed to ensure employment for professionals, while entry-level professionals are finding it hard to land a job By Samira Sarraf Oct 02, 2023 6 mins CSO and CISO CSO and CISO CSO and CISO news Royal family’s website suffers Russia-linked cyberattack Pro-Russian hacker group KillNet took responsibility for the attack days after King Charles condemned the invasion of Ukraine. By Michael Hill Oct 02, 2023 2 mins DDoS Cyberattacks feature 10 things you should know about navigating the dark web A lot can be found in the shadows of the internet from sensitive stolen data to attack tools for sale, the dark web is a trove of risks for enterprises. Here are a few things to know and navigate safely. By Rosalyn Page Oct 02, 2023 13 mins Cybercrime Security news ShadowSyndicate Cybercrime gang has used 7 ransomware families over the past year Researchers from Group-IB believe it's likely the group is an independent affiliate working for multiple ransomware-as-a-service operations By Lucian Constantin Oct 02, 2023 4 mins Hacker Groups Ransomware Cybercrime Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe