The fashion industry is a complicated and multifaceted world. Though we have repeatedly told you about the intellectual property law and employment law relevance to fashion, we cannot forget about the world of antitrust.
As noted by a recent post by Pillsbury Winthrop Shaw Pittman LLP, “the U.S. Department of Justice Antitrust Division ‘is now expected to take its turn in investigating potential price-fixing conduct in the world’s most coveted fashion markets of New York and Los Angeles’. This comes on the heels of prosecutions of well-established modelling agencies in France, Italy, and the UK for “allegedly colluding on prices for modeling services in the fashion industry”.
Unfortunately, modelling agencies have had a similar experience in the past. In 2003, for example, several models filed a class action suit against a number of agencies for “allegedly violating antitrust laws by, among other things, conspiring to set the fees charged to models and to fix other terms and conditions of the plaintiffs’ contracts.”
The issue of insurance in fashion may not be top of mind, however this is something that can act as a powerful, preventive tool for this industry.
This, once again, proves how fashion law is ever-expanding.
Information and quotes accredited to Lexology.