Daily deals giant pledges to refund customers who bought fake Tissot watches it accidentally offered through local subsidiary.
This article titled “Groupon’s Chinese arm hit by fakes row” was written by Lisa O’Carroll, for guardian.co.uk on Tuesday 8th November 2011 09.54 UTC
Groupon’s bid to expand into the Chinese market has hit a hitch after it discovering it had linked up with a company selling counterfeit luxury watches.
The daily deals giant has pledged to refund all customers who bought the Tissot watches after discovering they were fake.
Hundreds of people had bought the watches through the Groupon deal, which offered buyers a watch for just 690 yuan (£67), a quarter of their normal retail price.