Can trademark ownership details be changed in the future?

Fashion is one of the biggest industries in the world. Global market value of the clothing industry was set to $1.7 trillion dollars in 2021 and expected to enjoy a 6.1% growth to $1.95 billion dollars in 2022-2023 according to two different research reports by Euromonitor and McKinsey [1]. This article highlights why trademark registration is of a crucial importance for fashion retailers.

Numerous entrepreneurs could start their story with the words “inspired by life” and Tom Revill, the founder of Plank hardware, is certainly one of them. “Plank Hardware all started with a few planks of wood and a new flat. We found that finding the right hardware at a reasonable price wasn’t so easy. We were so happy with the final pieces that we started making and selling them to friends, family and online. As a start-up, we’ve invested everything into our products and building our brand, so protecting that is really important to us.”

Many celebrities, including Rihanna, Snoop Dogg, Paris Hilton, and, most recently, Miley Cyrus, have been showing interest in the metaverse with their newly registered trademarks. Metaverse is said to offer a new way to bring music or products to people who cannot physically attend their stores or concerts or who simply prefer to enjoy them from the comfort of their homes. What is behind this trend and why do celebrities find it so appealing?