Yoshitsu Co. Ltd. Sponsored ADR ( (TKLF) ) has shared an announcement.
On February 7, 2025, Tokyo Lifestyle Co., Ltd. won a default judgment in a lawsuit against Nanako, LLC, a Texas corporation, for unauthorized use of its trademarks and reselling goods without consent. The court awarded Tokyo Lifestyle $1,000,000 in statutory damages and $75,000 in attorney’s fees, and permanently enjoined the defendant from using the company’s marks or misrepresenting affiliation with the company. This legal victory reinforces Tokyo Lifestyle’s trademark rights and strengthens its market position by protecting its brand identity.
More about Yoshitsu Co. Ltd. Sponsored ADR
Tokyo Lifestyle Co., Ltd., formerly known as Yoshitsu Co., Ltd., operates in the lifestyle and retail industry, focusing on products that embody Japanese culture and lifestyle. The company is known for its brands REIWATAKIYA and TOKYO LIFESTYLE STORE, which are central to its market identity.
YTD Price Performance: 2.88%
Average Trading Volume: 29,076
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.77M
See more insights into TKLF stock on TipRanks’ Stock Analysis page.