eBay said yesterday it will appeal a ruling by a French court ordering it to pay €38.6 million in compensation to luxury goods group LVMH for allowing the sale of counterfeit goods on its online auction site.

LVMH Moet Hennessy Louis Vuitton SA (LVMH) is a France-based company, which oversees an international group of companies principally engaged in the production and sale of branded luxury goods.

The business activities are divided into five business groups: Wines and Spirits; Perfumes and Cosmetics; Watches and Jewelry; Fashion and Leather Goods, and Selective Retailing. The Wine and Spirits department's product line includes Moet & Chandon, Veuve Clicquot, Dom Perignon, Hennessy and Glenmorangie. The Fashion and Leather Goods department markets its products under such brands as Louis Vuitton, Kenzo, Celine and Givenchy.

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