All Legal & Institutional articles – Page 43
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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 ...
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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 ...
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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 ...
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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, ...
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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
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 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 ...
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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 ...
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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 ...
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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 ...
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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
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
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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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
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 ...
