Louis Vuitton owner LVMH has launched a raft of legal claims against Visa and Mastercard amid a long-standing dispute over credit card fees.
More than a dozen brands that form part of LVMH, including Tiffany & Co, Christian Dior and Bulgari, have issued lawsuits against the US payment giants in the High Court, according to The Telegraph.
Details of the LVMH case have not been made public but are thought to be linked to the long-running battle over interchange fees, which are paid by retailers to banks when they accept card payments via Visa or Mastercard.
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Many retailers have argued that the fees are anti-competitive, cost businesses billions, and ultimately drive up prices for shoppers.
Businesses such as Vodafone, Ocado, and Fortnum & Mason have all raised separate claims against Visa and Mastercard, with a Competition Appeal Tribunal set to hear their arguments in November.
Visa and Mastercard have defended numerous claims across many countries as they argue that the fees are regulated and recognise the value provided by their services.
Since 2015, interchange fees have been capped at 0.2% for debit cards and 0.3% for credit cards.
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