Costco (COST)

The Houston maker of the popular Chi filed a lawsuit this week against Costco Wholesale Corp., alleging it improperly sells the hairstyling tools, including counterfeit ones.
In the suit, filed in state district court, Farouk Systems alleges that the Issaquah, Wash., wholesale club is selling the flat irons for as little as $59.99, whereas they cost at least $100 in salons. In its suit, Farouk's lawyers said sometimes Chi products find their way to stores through a “diverted” market, or through improper distribution channels.

Nov 3 · 4:56:00 PM · Source: SA Business
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by Michael Oliveto