All Legal & Institutional articles – Page 18
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News briefs
The family-owned Kienast Group has won a bidding race for...
The family-owned Kienast Group has won a bidding race for a strategic investment in the insolvent Schuhpark Fascies chain of shoe shops in Germany. On June 30, the district court of Münster repealed the chain's bankruptcy proceeding, and the creditors of Schuhpark Fascies have now approved the investment from Kienast. As part of ...
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Article
Attendance keeps steady at Expo Riva Schuh
The 92nd edition of Expo Riva Schuh, held June 15-18, attracted more than 12,000 visitors from 111 countries, largely in line with the score a year ago and with organizers' expectations. The trade show had 1,462 exhibitors, of which 266 were Italian and the rest foreign, the largest delegation being ...
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News briefs
Andrea Tomat, president of Lotto Sport Italia and Stonefly, has...
Andrea Tomat, president of Lotto Sport Italia and Stonefly, has settled a legal dispute with Gianni Lorenzato, a former shareholder and vice president of Lotto. Lorenzato has agreed to sell his remaining stake of 24 percent in a holding company, NexTB, to Tomat on undisclosed terms. Tomat will thus be ...
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Short stops
An American creative agency called OffWhite Co. has launched a...
An American creative agency called OffWhite Co. has launched a trademark infringement suit against Off-White, the agency created in 2012 by Virgil Abloh
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Article
U.S. removes India and Turkey from GSP trade program
The U.S. government has pulled India and Turkey out of its Generalized System of Preferences (GSP) scheme, which allows thousands of products to be imported into the U.S. without duties. The U.S. is currently reviewing GSP benefits for Indonesia and Thailand.GSP eligibility ended on June 5 for India and on ...
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Article
President Trump’s special diplomacy shakes up the footwear market
American shoemakers are reassessing their sourcing strategies while U.S. President Donald Trump continues to play hardball with the Chinese government, threatening to raise import duties by a further 25 percent on a number products, including footwear, by Aug. 1. If that happens, duties paid on shoe imports into the U.S. ...
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Article
Brazilian footwear is benefiting from the trade war with China
Things seem to be looking up for Brazilian footwear. From January to April of this year, the industry exported 44.16 million pairs valued at $343.8 million, a 9.4 percent increase in pairs combined with a 0.1 percent decrease in dollars. The chief importer was the U.S., which has been purchasing ...
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Article
Weak exports from Bangladesh’s leather industry
Bangladesh's leather industry recorded an 8.7 percent decline in its export revenues to $837 million for the ten months ended on April 30. This was well short of the turnover needed to meet the government's target of $1.1 billion for the fiscal year ending July 31.According to the Bangladesh Tanners' ...
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News briefs
HDS/L, the German shoe and leathergoods industry association, and a...
HDS/L, the German shoe and leathergoods industry association, and a German trade union, IG BCE, concluded last month a new collective labor agreement, valid until 2025, for the German footwear industry. In September 2016, IG BCE had terminated all collective agreements as well as wage and salary agreements for the ...
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Article
Russia is not ready for shoe tags
Russian footwear manufacturers and retailers are asking the federal government to postpone the introduction of compulsory tagging of all shoes on the domestic market with RFID chips. The new regulations, which are slated to come into force on July 1, were partly meant to crack down on sales of fake ...
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News briefs
At his recent meeting in Paris, Modeurop honored MD Sadiq...
At his recent meeting in Paris, Modeurop honored MD Sadiq of India's Central Leather Research Institute for 25 years of steady collaboration in its color meetings, giving the 54-year-old manager a special cup. As at its previous sessions, Sadiq supplied more than 500 samples of leather in different colors from ...
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News briefs
Two Spanish labor unions, UGT Fica and CCOO Industria, have...
Two Spanish labor unions, UGT Fica and CCOO Industria, have come to a preliminary consent with Fice, the Spanish shoe industry federation, for a new, three-year collective bargaining agreement to cover Spain's footwear industry. Among other points, the parties have agreed to annual wage raises of 2 percent, payroll disbursement in ...
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News briefs
Régis Feuillet has been elected as the new president of...
Régis Feuillet has been elected as the new president of the French Shoe Industry Federation (FFC), replacing Claude-Eric Paquin. He is the managing director of Richard Pontvert, the French company that manufactures and sells the Paraboot line of shoes, using its own recently modernized factory in France. He joined the ...
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News briefs
Kering reached a settlement with the Italian tax authorities totaling...
Kering reached a settlement with the Italian tax authorities totaling €1.25 billion, the highest ever agreed by a corporation in Italy and a little lower than what had been expected. The dispute concerned profits and transfer prices applied between 2011 and 2017 by the group's Swiss subsidiary, Luxury Goods International, ...
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News briefs
Italy's powerful shoe industry association, Assocalzaturifici, designated Siro Badon as...
Italy's powerful shoe industry association, Assocalzaturifici, designated Siro Badon as its new president for the next four years at a meeting after last month's World Footwear Congress in Naples. He was the only candidate for the job, replacing Annarita Pilotti of Loriblu from the Marche region. Badon is the president ...
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Short stops
Louis Vuitton is accusing Belle International with imitating the design...
Louis Vuitton is accusing Belle International with imitating the design of one of its sneakers
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News briefs
Deckers Brands has been awarded damages of $450,000 by a...
Deckers Brands has been awarded damages of $450,000 by a Chicago District Court in a three-year-old lawsuit against an Australian company, called Australian Leather, which has been using the Ugg trade name, claiming that it is a generic reference to a certain type of Australian boots. The court found that ...
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News briefs
The distinctive sole of Converse shoes cannot be patented in...
The distinctive sole of Converse shoes cannot be patented in the European Union. The General Court of the EU has endorsed an earlier verdict by the EU's Intellectual Property Office that invalidated a 3D trademark for the sole requested by the brand. Carrefour opposed its registration in 2010. Three other ...
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Article
Lower foreign sales by German shoe companies
The growth of the German footwear industry weakened considerably in 2018, weighed down by lower sales abroad, according to an annual report by the Federal Association of the German Footwear and Leathergoods Industry (HDS/L), presented at last month's Gallery Shoes fair in Düsseldorf.In 2018, the total sales of German shoe ...
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News briefs
The Portuguese Footwear Technological Centre (CTCP) has established two testing...
The Portuguese Footwear Technological Centre (CTCP) has established two testing laboratories – one at its headquarters in São João da Madeira, south of Porto, and another in the town of Felgueiras, northeast of Porto – to help designers develop and test prototypes and sample collections. The labs are intended primarily ...
