All Legal & Institutional articles – Page 3
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News briefs
European Commission probes Shein
The European Commission (EC) has opened an inquiry into Shein under the auspices of the EU’s Digital Services Act. The allegations are three: addictive design non-transparent recommender systems sale of illegal products (e.g., “child-like sex dolls”) The inquiry follows on preliminary analyses of Shein’s own risk-assessment reports ...
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ArticleTrump announces a 15% worldwide tariff after US Supreme Court ruling
US President, Donald Trump, announced a 15 percent worldwide tariffs on goods imported into the US after the US Supreme Court said that the President had exceed his authority by imposing tariffs under the the International Emergency Economic Powers Act (IEEPA) of 1977. The ruling, issued on Feb. 20, was ...
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Schuhhaus Horsch files for bankruptcy
The German shoe retailer Schuhhaus Horsch has filed for bankruptcy, adding to a growing list of store closures in the country’s struggling footwear sector. The company, which specializes in extra-large and extra-small shoe sizes, has been hit by the insolvency of a key Portuguese supplier that caused significant supply disruptions. ...
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US Supreme Court rules against trade tariffs
The US Supreme Court struck a blow to the tariff policy of President Donald Trump, ruling six to three that the executive may not set tariffs by invoking the International Emergency Economic Powers Act (IEEPA) of 1977. According to Reuters, the majority opinion, written by Chief Justice John Roberts, quotes ...
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ArticleItalian shoemakers see delay in EU-Mercosur trade deal as severely damaging
The European Parliament’s decision to delay the ratification of the European Union-Mercosur trade agreement by requesting a legal opinion from the Court of Justice of the European Union is viewed as severely damaging by the Italian footwear industry. “The postponement of the EU-Mercosur agreement represents serious damage for our ...
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ArticleTheo Wormland to cease operations
Wormland, the German men’s fashion retailer, founded in Hannover in 1935, is shutting down after efforts to find new investors failed following its second insolvency. With no viable offers submitted, the provisional creditors’ committee has decided to close the nearly 90-year-old company and insolvency proceedings were formally opened by the ...
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Northern Irish retailer Houstons Footwear closes down
After 50 years of activity, Houstons Footwear, an independent retailer located on Strand Road in the North Irish town of Londonderry, also referred to as Derry, is closing down. In a post on Facebook dated Jan. 29, the retailer wrote: “To all our customers,After much thought, we want to let ...
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Article
CEC introduces a new member category and launches a sustainability working group
The European Footwear Confederation (CEC) introduced a new membership category, Associate Members, following the modification of its statutes and launched a sustainability working group with some European technology centers. “This new category aims to broaden participation within the footwear community by welcoming stakeholders beyond national footwear associations, thereby strengthening collaboration, ...
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Piazza Italia placed under judicial administration in Italy
Piazza Italia, an Italian fast-fashion chain, has been placed under judicial administration for a year by a Florence-based court for having allegedly benefitted financially by outsourcing production to suppliers abusing the rights of their workers. According to public prosecutors based in Prato, a large Italian clothing cluster, since 2022 the ...
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US to cut trade tariffs on Indian imports
The US President, Donald Trump, said that the US will cut to 18 percent from 25 percent the so-called reciprocal tariff imposed on Indian imports after the two countries reached a trade agreement. According to Trump, the tariff cut comes after the Indian Prime Minister, Narendra Modi, agreed to stop ...
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Indian shoemakers see new opportunities with EU trade deal
The trade agreement reached by the European Union and India will create “new opportunities” for the Indian footwear and leather industry, according to R Selvam, the Executive Director of Council for Leather Exports (CLE), which is sponsored by India’s Ministry of Commerce & Industry. “The India–EU free trade agreement, which ...
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Article
EU and India conclude negotiations for free trade agreement
The European Union and India have concluded negotiations for a free trade agreement, marking the largest such deal ever concluded by either side. “The EU and India make history today, deepening the partnership between the world’s biggest democracies,” commented Ursula von der Leyen, the President of the European Commission. “We ...
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Trump threatens trade tariffs against Canada
The US President, Donald Trump, has threaten to impose a 100 percent tariff on Canadian imports it its northern neighbor signs a trade agreement with China. “If Governor Carney thinks he is going to make Canada a “Drop Off Port” for China to send goods and products into the United ...
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ArticleUS pauses Greenland tariff threat
The US has paused threatened tariff increases against several European allies following talks between US President Donald Trump and NATO Secretary General Mark Rutte, easing tensions that had escalated over Greenland and transatlantic trade. Speaking on the sidelines of the World Economic Forum in Davos, Trump said tariff measures previously ...
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ArticleEU parliament delays Mercosur deal
The European Parliament has moved to delay ratification of the European Union-Mercosur trade agreement by requesting a legal opinion from the Court of Justice of the European Union. After 25 years of negotiations, the free trade deal was signed on Jan. 17 by the President of the European Commission, Ursula ...
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The owner of the Inside fashion retailer files for bankruptcy protection
Liwe Española, the Spanish group that owns the Inside clothing stores, has filed for bankruptcy protection with a Murcia-based commercial court. The move comes after the same court rejected on Jan.9 a restructuring plan that Liwe had drafted with its advisors. On Jan. 19, Liwe said that filing for ...
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ArticleThe EU and Mercosur sign a free trade agreement
On Jan. 17, the European Union and Mercosur signed a Partnership Agreement (EMPA) and an Interim Trade Agreement (iTA). However, the controversial free trade deal still has to be approved by the European Parliament and single EU member states. When on Jan. 9, a qualified majority of EU ...
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ArticleUS threatens to hike trade tariffs for 8 European countries in Greenland standoff
The US President Donald Trump announced additional tariffs on imports from eight European countries until an agreement is reached for the purchase of Greenland by the US. If applied, duties on exports to the US could increase to 35 percent for the UK and 40 percent for the other six ...
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ArticleSaks Global files for bankruptcy
Saks Global, the US high-end department store group, has filed for bankruptcy and has announced the appointment of a new CEO and a financing commitment of about $1.75 billion to help fund a turnaround. Geoffroy van Raemdonck, the former CEO of Neiman Marcus Group, had been named as the ...
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ArticleEU countries clear the Mercosur trade deal
A qualified majority of European Union member states has given the go-ahead to a free trade deal with the South American trade bloc Mercosur, despite protests of farmers and the opposition of France. Italian Prime Minister, Giorgia Meloni, said that the parties had found a “balance” between the interests of ...
