All Legal & Institutional articles
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News briefs
US regulator reportedly to vote on blocking Tapestry, Capri merger
The five commissioners of the The Federal Trade Commission (FTC) are scheduled to meet next week to vote on whether to file a lawsuit to block Tapestry’s $8.5 billion takeover of Capri Holdings, The New York Times reported, citing two sources familiar with the matter. The newspaper noted that the ...
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CEC co-signs a European industry manifesto for relaunching competitiveness
CEC has joined forces with 85 other European and national industry associations to publish a manifesto called Relaunching European Competitiveness. “The manifesto calls against the risk of de-industrialization on our continent by relaunching Europe’s competitiveness. The EU enters a new policy cycle at a challenging time, with technology and geopolitics ...
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ArticleFDRA calls on US president to remove duties on Chinese footwear imports
Matt Priest, the president and CEO of Footwear Distributors & Retailers of America (FDRA), is urging the US president, Joe Biden, to remove by executive order Section 301 import tariffs imposed on China. In an open letter to Biden, Priest wrote that “retail footwear prices have risen sharply since implementation ...
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Patent protection for OrthoLite Hybrid Technology line expanded
The US-based insole specialist OrthoLite announces that, as of April 2, 2024, patent protection has been expanded for the speckled design of its Hybrid Technology line, including Hybrid, HybridPlus-Bio and HybridPlus Recycled. The patents protect the colored foam-speckled design that represents “quality, comfort, and the inclusion of at least 20 ...
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ArticleAllbirds urged to bolster its share price by Nasdaq
On April 2, Allbirds was notified by Nasdaq that its share price was no longer compliant with the rules of the New York-based stock exchange because the closing bid price of its Class A common stock has fallen below $1.00 per share for 30 consecutive days. Allbirds has 180 calendar ...
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ArticleAsos, Boohoo, George at Asda commit to green claim rules in the UK
The UK’s Competition and Markets Authority (CMA) said that Asos, Boohoo and George at Asda have signed undertakings that commit them to an agreed set of rules around the use of green claims. The regulator also issued an open letter urging fashion retailers to review their claims and practices in ...
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Visa and Mastercard to cut fees for US merchants
Visa and Mastercard will reduce their fees following an antitrust class action settlement with US merchants, according to a statement released by the law firm Hilliard Shadowen LLP. The settlement is expected to generate at least $29.79 billion in savings for US merchants in the five years following approval of ...
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News briefs
Erasmus+ ShoeGame is being rolled out
The Erasmus+ ShoeGame, a project aimed at attracting younger generations to study footwear manufacturing, will be available on its website by the end of March. On March 7 and 8, project partners from Belgium (European Footwear Confederation - CEC), Greece (CTD), Portugal (CTCP and Virtual Campus), Romania (Tuiasi) and Spain ...
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Puma loses patent case over Avanti shoe design
Puma has suffered a setback in a patent dispute over a sports shoe associated with Rihanna, according to a press release from the Court of Justice of the European Union. The case revolves around the Avanti trainer design, which Puma’s Dutch wholesaler, Handelsmaatschappij J. Van Hilst (HJVH), sought to patent ...
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US SEC fines Skechers for lack of disclosure
On March 7, the US Securities and Exchange Commission (SEC) announced that Skechers agreed to pay a $1.25 million civil penalty to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. According to the US regulator, from 2019 through 2022, ...
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Creditors approve Schuhhaus Kocken’s restructuring plan
The creditors of the insolvent German shoe retailer Schuhhaus Kocken GmbH & Co unanimously cleared the company’s restructuring plan, which was then confirmed by the Mönchengladbach district court. The family-run retailer started insolvency proceedings under self-administration at the end of August 2023, after taking a hit from sluggish ...
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ArticleUFG files for bankruptcy
Unlimited Footwear Group (UFG) has unexpectedly filed for bankruptcy in the Netherlands. The proceedings started on Feb. 20 and a Breda-based court appointed an administrator. The announcement comes as a shock as UFG’s stand was bustling with activity at Expo Riva Schuh & Gardabags, an international trade show specializing in ...
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Schuh-Welt files for restructuring under self-administration
The German shoe retailer Schuh-Welt has filed for restructuring under self-administration with the Pirmasens district court, as sluggish demand and rising rent and energy costs have taken their toll on the company’s finances. The retailer operates ten stores in southwestern Germany, including its headquarters in Waldfischbach-Burgalben, in the Rhineland-Palatinate ...
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Skechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers board of directors named as defendants. The court’s decision to dismiss the action with prejudice was met with ...
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News briefsWortmann obtains a court victory against Birkenstock
The Wortmann Group says that its subsidiary shoe.com GmbH & Co. KG has obtained a victory in the Higher Regional Court of Cologne against Birkenstock in a case alleging copyright infringement. In a ruling issued on Jan. 26, the court overturned a decision made on May 11, 2023, by the ...
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Nike sues Global Heartbreak over alleged Air Jordan imitations
Nike has filed a lawsuit in New Jersey District Court against Global Heartbreak and its founder Naadier Riles for trademark infringement of the Air Jordan 1 High. According to the complaint, the defendant copied Nike’s silhouette and outsole design and replaced the branding with his own. Riles allegedly admitted that ...
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ArticleHow French retailers can save up to a year’s rent on their lease
In a comprehensive interview, Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
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Amazon fined in France for excessive surveillance of staff
The Amazon France Logistique arm of U.S. e-commerce giant Amazon was fined €32 million by the French data protection authority for “excessively invasive” surveillance of its employees. According to the authority, the data collected by the scanners used by employees in the parcel processing warehouses represents an “excessive” monitoring system ...
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ArticleAlviero Martini under court administration amid supply chain labor exploitation charges
Alviero Martini has been placed under court administration by the Milan court, following a probe that found its supply chain relied on Chinese sweatshops that exploited workers to produce the Italian fashion house’s accessories and shoes. The probe was initiated by the public prosecutors Paolo Storari and Luisa Baima Bollone ...
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ArticleMinelli partially saved
The French footwear retailer Minelli is being acquired by three investors and avoids going into liquidation, the news agency AFP reported citing a decision by a Marseille-based commercial tribunal. However, the investors will only keep a third of Minelli’s employees and less than half its stores. The retailer, rebranded Maison ...
