All Legal & Institutional articles – Page 5
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ArticleMoreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets. “We had already received several expressions of interest, the last of which took the form of an offer to acquire the Moreschi and Stemar brands, the 18,000-meter factory ...
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ArticleGerman court rejects Birkenstock attempt to obtain copyright protection for its sandals
Birkenstock’s attempt to obtain copyright protection in Germany for its signature cork-soled sandals as “works of applied art” has failed, according to a statement released by the rival footwear company, Wortmann Group. Birkenstock filed three separate lawsuits for copyright infringement with Germany’s Federal Court of Justice (BGH), the country’s highest ...
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ArticleGoldstar notches another win against Birkenstock in French court
The Italian footwear manufacturer Rafting Goldstar has won another round in a long-running legal dispute with the German shoe manufacturer Birkenstock. The French Court of Appeal upheld the decision of the European Court of Justice from 2018, when judges dismissed the Rhineland-Palatinate-based sandal maker’s lawsuit against the Italian family-owned ...
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News briefs
Semler files for bankruptcy
The traditional German shoe manufacturer Carl Semler GmbH filed for bankruptcy at the Pirmasens Local Court as a massive drop in sales and payment defaults took their toll on the company’s bottom line. The court appointed restructuring expert Lukas Eisenhuth of the law firm Abel and Partners as general representative ...
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ArticleGörtz faces insolvency again
One and a half years after the end of its insolvency proceedings, the troubled Hamburg-based shoe retailer Görtz is once again facing bankruptcy. On Jan. 20, the Hamburg District Court appointed the lawyer Gideon Böhm of the law firm Münzel & Böhm as provisional insolvency administrator, after four creditors filed ...
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ArticleBirkenstock seeks copyright protection as applied art for signature sandals
Birkenstock is seeking copyright protection for its signature cork-soled sandals as “works of applied art”. The German company, based in Linz am Rhein in the Rhineland-Palatinate region, filed three separate lawsuits for copyright infringement with Germany’s Federal Court of Justice (BGH), the country’s highest court for civil matters, against alleged ...
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News briefs
Loro Piana wins a court case for shoe patent infringement
A court in the southern Italian city of Bari ordered MNSWR Group, a Lecce-based company that operates the menswear brand Viola Milano, to stop producing, marketing and selling footwear that allegedly infringed on Loro Piana’s copyrights for its Open Walk and Summer Walk shoes. The injunction issued on Nov. 25, ...
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Indian footwear industry targets $26 billion in sales by 2030
The Indian footwear industry is targeting sales of $26 billion by 2030, including $8 billion of export revenues. Currently, the footwear market, both leather and non-leather, is estimated at $18 billion, including $6 billion in exports. The government aims to increase local manufacturing capacity, enhance quality standards and strengthen the ...
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Birkenstock loses appeal against Aldi over sandal design
Birkenstock has lost an appeal in a legal dispute with Aldi over the design of a sandal featuring a large buckle, sold by the German discount supermarket chain. Birkenstock had filed several claims against Aldi, including violations of design and competition law, as well as demands for information and financial ...
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ArticleEU and Mercosur conclude free trade agreement talks
After 25 years of negotiations, the European Union and Mercosur countries have concluded talks on a free trade agreement, according to Ursula von der Leyen, the President of the European Commission. ”We have concluded the negotiations for the EU-Mercosur agreement. It marks the beginning of a new story. I now ...
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EU-Mercosur free trade deal “in sight”
A free trade agreement between the European Union and Mercosur countries is “in sight” after 25 years of negotiations, according to Ursula von der Leyen, the President of the European Commission. “Touchdown in Latin America. The finish line of the EU-Mercosur agreement is in sight. Let’s work, let’s cross it. ...
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ArticleFrench parliament opposes EU-Mercosur deal
The French senate and the lower house of Parliament, the Chamber of Deputies, have rejected a tentative free trade agreement negotiated by the European Commission and Mercosur. On Nov. 27, 338 senators out of 348 voted against the draft agreement. The day before, 484 members of the lower house approved ...
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News briefs
Le Coq Sportif placed into receivership
A Paris-based commercial court has placed Le Coq Sportif into receivership. The Swiss group Airesis, which owns 75 percent of the French sportswear firm, indicated that Le Coq Sportif had applied to open a judicial restructuring procedure. The court confirmed the procedure. Le Coq Sportif will continue operating but has ...
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ArticleCEC and Abicalçados call for a swift conclusion of EU-Mercosur free trade talks
CEC, the European footwear confederation, and Abicalçados, which represents Brazilian shoemakers, are among the 78 business associations representing a diverse array of industries from the European Union (EU) and Mercosur asking their governments to rapidly conclude negotiations for a free trade agreement between the two economic blocks. Mercosur was established ...
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ArticleTapestry, Capri scrap plans to merge
Tapestry, the US owner of the fashion brands Coach, Kate Spade and Stuart Weitzman, has reached an agreement to terminate plans to merge with Capri Holdings, which owns the brands Michael Kors, Versace and Jimmy Choo. “Capri and Tapestry mutually agreed that terminating the merger agreement at this time is ...
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Hardrige to supply shoes to the French prime minister’s office
Hardrige has won a €760,000 contract to supply shoes to the staff of the French Prime Minister’s office for four years. The company is expected to provide between 250 and 300 pairs each year. Founded in 1985, the family-owned company is located in Sillans, in the French department of Isère. ...
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ArticleStuart Weitzman’s sales rise driven by North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $53.7 million in the fiscal first quarter ended Sept. 28, up by 2 percent year-on-year both on a reported basis and at constant currency rates, as growth in North America offset “softness” in Greater China. ...
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ArticleCapri and Tapestry’s merger blocked by a US court
A US judge has blocked an $8.5 billion planned merger between the luxury goods groups Capri Holdings and Tapestry. Capri owns the luxury footwear brand Jimmy Choo as well as the fashion labels Versace and Michael Kors. Meanwhile, Tapestry owns the premium footwear group Stuart Weitzman and the fashion brands ...
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ArticleGerman retailers voice concerns about increasing red tape
Faced with economic uncertainty, German retailers are calling for urgent reforms to alleviate the mounting bureaucratic hurdles that many say are crippling their businesses. According to a survey conducted by HDE, the German retail association, 89 percent of panelists reported being overwhelmed by excessive regulations, with a whopping 97 ...
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Schuhquadrat files for bankruptcy in Austria
Schuhquadrat GmbH, the successor of the Salamander and Delka footwear chains in Austria, has filed for bankruptcy, the creditor protection association KSV1870 announced. The insolvency proceedings were initiated following a creditor’s application, although no specific details about the company’s debt or the number of affected employees have been disclosed. ...
