All Legal & Institutional articles – Page 46
-
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 ...
-
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 ...
-
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 ...
-
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
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
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
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 ...
-
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 ...
-
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 ...
-
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
-
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 ...
-
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 ...
-
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.
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
