All Legal & Institutional articles – Page 43
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News briefs
Footwear Distributors and Retailers of America (FDRA) has appointed Greg...
Footwear Distributors and Retailers of America (FDRA) has appointed Greg Tunney, president and chief executive at RG Barry and former vice chairman of the association, as its new chairman. He replaces Blake Krueger, chairman, chief executive and president of Wolverine Worldwide, who has served as chairman of FDRA for two ...
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News briefs
The legal dispute between Hermès and LVMH, which owns 22.6...
The legal dispute between Hermès and LVMH, which owns 22.6 percent of its shares, has reached new heights. LVMH announced a lawsuit against Hermès one week ago after its new chief executive, Axel Dumas, declared that its incursion into the company's equity was “not desired and not desirable.” LVMH says ...
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News briefs
The Indian government has lowered the import duty on machinery...
The Indian government has lowered the import duty on machinery for the manufacture of leather and leathergoods from 7.5 percent to 5 percent. The Indian Council of Leather Exports said the move is an important step in the modernization of the sector, facilitating its growth in the long term.
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News briefs
Gucci lost the latest round in a long-standing trademark dispute...
Gucci lost the latest round in a long-standing trademark dispute with Guess on May 2 when a court in Milan rejected all infringement claims brought by Gucci against the American brand. The Italian court ordered the cancellation of Gucci's diamond pattern, its G logo and “Flora” pattern trademarks, considering that ...
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News briefs
The international community is following the tragic events in the...
The international community is following the tragic events in the clothing industry of Bangladesh, where more than 1,000 workers were killed by the collapse of a building last month and other recent incidents. The clothing sector employs many more people and generates 80 percent of its export revenues, but the ...
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Short stops
JJ Shoes, a Dutch brand of women's shoes, has filed...
JJ Shoes, a Dutch brand of women's shoes, has filed for insolvency
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News briefs
Tonino Ciannavei has been elected as the new president of...
Tonino Ciannavei has been elected as the new president of the footwear branch of Confidustria, the Italian employers' federation, for the province of Macerata, one of Italy's leading footwear manufacturing areas. He succeeds Cleto Sagripanti, now at the helm of the Italian shoe industry association, which is being renamed as ...
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News briefs
Skechers has announced the appointment of BDO USA as the...
Skechers has announced the appointment of BDO USA as the company's new independent auditors, replacing KPMG which resigned after the discovery of unlawful activities by one of its partners. Skechers points out that the resignation was not related to its financial statements, but nevertheless, BDO will re-audit the company's statements ...
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News briefs
A U.S. federal judge has approved a proposed $40 million...
A U.S. federal judge has approved a proposed $40 million settlement of a class action suit brought by American consumers against Skechers USA for misleading advertising of the alleged benefits of its toning shoes. The company had removed the ads but did not admit any wrongdoing. In the end, while ...
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News briefs
Two major U.S. footwear companies, Skechers and Deckers Outdoor Corporation,...
Two major U.S. footwear companies, Skechers and Deckers Outdoor Corporation, the owner of Ugg, Teva and other brands, are subject to a series of cases of alleged misconduct by a staff member of their auditing company, KPMG. Skechers has already announced that it no longer works with KPMG. The separation followed the ...
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News briefs
A Portuguese company that markets a line of shoes called...
A Portuguese company that markets a line of shoes called Chocolate Negro has won a case against a British company, itnk tm, that wanted to register a brand with the name Choocolate. The Portuguese firm, AS - Industria de Calçado, had registered the Chocolate Negro brand name through the European ...
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News briefs
Four employees were killed and one was critically burnt when...
Four employees were killed and one was critically burnt when a major fire engulfed a shoe factory in Mangolpuri, in outer Delhi, in the early hours of March 12. Reportedly, the factory was being illegally run on the ground floor of a four-storey residence. Police said that a short-circuit in ...
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News briefs
Turkey is now one of the biggest exporters of shoes...
Turkey is now one of the biggest exporters of shoes to Russia after China, Italy and Vietnam. According to the Turkish Footwear Industry Association, Russia continues to be an important market for exports of Turkish leather apparel, and the Turkish footwear industry has also obtained an increase in exports to the country over ...
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News briefs
Two French personalities of the fashion industry have been decorated...
Two French personalities of the fashion industry have been decorated in France and the U.K. Pierre-Alexis Dumas, the artistic director of Hermès International, is a recipient of the Legion of Honor, the French order established by Napoleon Bonaparte in 1802. The names of the latest recipients of this tribute, over ...
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News briefs
Bernard Arnault, chairman and chief executive of LVMH, said...
Bernard Arnault, chairman and chief executive of LVMH, said that he has abandoned plans to take Belgian citizenship. In an interview with French daily Le Monde published on April 10, the wealthiest French citizen said that he did not want to be suspected of seeking fiscal exile and pledged to ...
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News briefs
Footwear Distributors & Retailers of America (FDRA) has launched a...
Footwear Distributors & Retailers of America (FDRA) has launched a series of webpages in Chinese for the benefit of the growing number of its factory members. A special page is intended to help Chinese factories to comply with footwear product safety guidelines and Chinese labor laws. Another page lists all ...
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News briefs
Better Factories Cambodia (BFC), the monitoring and reporting scheme of...
Better Factories Cambodia (BFC), the monitoring and reporting scheme of the International Labor Organization (ILO), has created a new program to extend services to Cambodia's footwear sector. BFC is the first Better Work country program to expand into footwear. The move follows a pilot project to better understand conditions and ...
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News briefs
An investigating magistrate has been appointed in France to look...
An investigating magistrate has been appointed in France to look into the conditions surrounding the stake that luxury group LVMH has built in Hermès International. LVMH took a 17.1 percent stake in Hermès in October 2010, and it subsequently rose to 22.6 percent. The move follows a preliminary investigation that ...
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News briefs
The board of directors of the American Apparel & Footwear...
The board of directors of the American Apparel & Footwear Association (AAFA) unanimously approved a new mission statement and strategic plan. One of the tenets of its mission statement – which is very similar to ours - is to provide members with valuable intelligence to make smart business decisions that ...
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News briefs
Footwear Distributors and Retailers of America (FDRA) has unveiled a...
Footwear Distributors and Retailers of America (FDRA) has unveiled a new website featuring a new design and innovative tools and resources to assist the industry's business intelligence and help improve company performance. The site, which is said to be specifically tailored to the footwear industry, includes a new Intel Center ...
