All Legal & Institutional articles – Page 42
-
News briefs
LVMH has announced that it will not appeal the fine...
LVMH has announced that it will not appeal the fine imposed by market regulators over the stake it built in its rival Hermès International. The French Financial Markets Authority (AFM) fined LVMH €8 million, on June 25, saying the company had breached disclosure requirements while quietly building its stake in ...
-
News briefs
Footwear Distributors of America (FDRA), the powerful American trade association,...
Footwear Distributors of America (FDRA), the powerful American trade association, has agreed to represent the National Shoe Retailers Association (NSRA) in Washington, allowing the U.S. footwear industry to speak with a single voice. The NSRA federates more than 8,000 independent shoe retailers with annual sales of $7.2 billion.
-
News briefs
Manufacturers in the Spanish town of Elda, near Alicante, have...
Manufacturers in the Spanish town of Elda, near Alicante, have registered a 20 percent growth in orders from high-end fashion brands in the last four years, according to the Spanish Footwear Industry Federation (FICE). Prada, Gucci, Jimmy Choo and Christian Louboutin have been ordering more shoes from Elda. The town ...
-
News briefs
OutDry Technology has filed a patent infringement suit against Geox...
OutDry Technology has filed a patent infringement suit against Geox in the U.S., requesting a temporary injunction against its line of Amphibiox shoes and monetary compensation for damages suffered by OutDry, which is a subsidiary of Columbia Sportswear since three years ago. The lawsuit, which is being reviewed by the ...
-
News briefs
Skechers has announced that its public accounting firm, BDO USA,...
Skechers has announced that its public accounting firm, BDO USA, has completed a re-audit of the company's consolidated financial statements for the fiscal years ended Dec. 31, 2012 and 2011, and that no adjustments or changes have been made to those statements or related notes, except for updates with respect ...
-
News briefs
Matt Priest, president of the Footwear Distributors and Retailers of...
Matt Priest, president of the Footwear Distributors and Retailers of America (FDRA), addressed 20 members of the European Parliament last week about the U.S. footwear industry and the need for lower import tariffs. His speech was part of a round-table discussion about the recently started discussions on a free trade ...
-
News briefs
Footwear designers, manufacturers and brand-owners in Singapore now have at...
Footwear designers, manufacturers and brand-owners in Singapore now have at their disposal a center where they can produce prototypes and upgrade their skills. The Minister of State for Trade and Industry, Teo Ser Luck, inaugurated the new Bronx Creative & Design Centre on July 16. Located in the Natural Cool ...
-
News briefs
Gilberto Ballin is the new president of the group of...
Gilberto Ballin is the new president of the group of young entrepreneurs within Assocalzaturifici, which draws together around 180 members below the age of 40. Ballin, 38, is at the helm of Moda di Fausto and has previously held the same role at Acrib, the association of the shoe companies ...
-
News briefs
Tax authorities in the northern Italian city of Bergamo have...
Tax authorities in the northern Italian city of Bergamo have shut down the Myfashiondream.com e-commerce platform, which was selling more than 65,000 fashion products including handbags, shoes, belts and eyewear, after a judge signed a seizure order because of its criminal trading activities and the import of counterfeit products to ...
-
News briefs
The National Shoe Retailers Association (NSRA) of the U.S. has...
The National Shoe Retailers Association (NSRA) of the U.S. has formed a strategic partnership with National Shoe Travelers (NST), which works to improve the abilities and well-being of traveling sales representatives in the footwear industry, to develop education programs for footwear sales representatives and membership programs beneficial to both. NSRA, ...
-
News briefs
Geox has announced a restructuring program involving the layoff of...
Geox has announced a restructuring program involving the layoff of 90 of its 545 employees at its offices at Biadene di Montebelluna, following the company's previously reported 20.4 percent sales decline in the first quarter of this year. Geox is justifying the move with the fall in demand in Italy, ...
-
News briefs
The China-Africa Business Council (CABC) and the China-Africa Development Fund have decided to set up a...
The China-Africa Business Council (CABC) and the China-Africa Development Fund have decided to set up a $1 billion fund to boost China's commercial ventures in Africa, particularly in the footwear and textile sectors. The CABC represents more than 550 Chinese companies in Africa while the China-Africa Development Fund is China's largest private equity fund focusing on ...
-
News briefs
The Footwear Distributors and Retailers of America (FDRA) salutes the...
The Footwear Distributors and Retailers of America (FDRA) salutes the introduction on July 17 of H.R. 2708, the Miscellaneous Tariff Bill (MTB), which will reduce or suspend duties on certain products, including footwear, that are not produced by U.S. companies, thereby lowering costs for both U.S. companies and consumers. FDRA ...
-
News briefs
Weyco Group has been accused of buying footwear from suppliers...
Weyco Group has been accused of buying footwear from suppliers linked to a Chinese jail where prisoners are subject to inhumane treatment for failing to meet production targets. The U.S.-based group, which designs and markets shoes under the Florsheim, Nunn Bush and Stacy Adams brands, said that it was investigating ...
-
News briefs
A group of 47 members of the U.S. Congress, including...
A group of 47 members of the U.S. Congress, including 15 senators sent a letter to U.S. Trade Representative Michael Froman, asking for passage of a free trade agreement that would end tariffs on shoe imports in 11 countries and liberalize trade in other areas. They argued that the tariff ...
-
News briefs
Vietnam saw footwear exports grow by 11.4 percent in the...
Vietnam saw footwear exports grow by 11.4 percent in the first five months of this year as compared to the same period in 2012. In the month of May alone, exports totaled $750 million, driven by increasing orders from new importers. In the first four months of 2013, the industry ...
-
News briefs
Italian tax police in the Northern city of Bergamo has...
Italian tax police in the Northern city of Bergamo has shut down the Myfashiondream.com e-commerce platform, which was selling more than 65,000 fashion products including handbags, shoes, belts and eyewear, after a judge signed a seizure order because of its criminal activities in the trade and introduction of counterfeit products ...
-
News briefs
Ralph Rieker has been re-elected president of HDS, the German...
Ralph Rieker has been re-elected president of HDS, the German shoe and leathergoods industry federation, for another two-year term. The extremely popular and diplomatic German executive has already served in this position since the retirement of Philip Urban in 2007. He remains chief executive of Ricosta, the family-owned brand of ...
-
News briefs
The Swiss shoe retailers' association, SSV, foresees a difficult business...
The Swiss shoe retailers' association, SSV, foresees a difficult business year in 2013. At its annual general assembly at the beginning of June, Dieter Spiess, president of the association, criticized the high wholesale prices charged to Swiss retailers, who have to pay about 30 percent more than their foreign colleagues ...
-
News briefs
The British Footwear Association (BFA) has appointed John Saunders to...
The British Footwear Association (BFA) has appointed John Saunders to the new role of sales and marketing director, providing increased support for its members and the U.K. footwear industry. One of his tasks will be to take over the management of the BFA members' participation at trade shows around the ...
