All Legal & Institutional articles – Page 20
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Kering said that an audit carried out by Italian tax...
Kering said that an audit carried out by Italian tax authorities claims that the French group owns €1.4 billion in corporate taxes for activities carried out in the country by its Swiss Luxury Goods International (LGI) subsidiary between 2011 and 2017. The audit relates to an investigation on fiscal matters ...
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The new free trade agreement between the European Union and...
The new free trade agreement between the European Union and Japan became effective on Feb. 1, and it will have a significant impact on European shoe exports. The Economic Partnership Agreement, also referred to as Jefta, immediately eliminates over 90 percent of tariff duties on European exports, gradually increasing the ...
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The planned free trade agreement between the European Union and...
The planned free trade agreement between the European Union and Vietnam is in the doldrums. According to our sources, the draft of the agreement is practically ready, but it will be very hard for the European Commission to get it translated into all the languages of the EU for approval ...
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On Jan. 31, Mexico reduced to 20 percent its maximum...
On Jan. 31, Mexico reduced to 20 percent its maximum tariff on footwear imported from countries with which it lacks alternative trade agreements, including China. The decision has drawn criticism from Mexico's footwear industry. According to Luis Gerardo González, president of the Guanajuato Footwear Industry Association (CICEG), the lower tariff ...
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Article
Expo Riva Schuh holds steady
The 91st edition of Expo Riva Schuh, held Jan. 12-15, attracted about 13,000 visitors, roughly in line with the numbers registered a year earlier. The tally includes the visitors to the two main fairgrounds of the international trade show: the Gardabags show near Lake Garda, which was in its second ...
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Article
A new chairman with a modern vision will head up India’s CLE
Aqeel Ahmed Panaruma, chairman and managing director of Florence Shoe Company in the state of Tamil Nadu, became on Jan. 17 the new chairman of India's Council for Leather Exports, taking the place of Mukhtarul Amin. Sanjay Leeka will serve as vice chairman.The organization, which is sponsored by the Indian ...
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Article
Brexit or no Brexit, the industry wonders
The European shoe industry has been thrown into a period of increased confusion and uncertainty about future strategies by the overwhelming defeat by the British Parliament last week on the agreement that Prime Minister Theresa May had painfully negotiated with the European Commission on the terms of the U.K.'s divorce ...
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Article
Brazilian shoemakers are optimistic
The recent election of a new president in Brazil, Jair Bolsonaro, is expected to improve the country's battered economy and to generate more competition by opening up the Brazilian market, says Heitor Klein, executive president of the Brazilian shoe industry association, Abicalçados.He says the cost of making shoes in Brazil ...
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The Provincial Court of Madrid has ruled against JD Sports...
The Provincial Court of Madrid has ruled against JD Sports in the lawsuit it filed in February 2016 against the Spanish chain Oteros Sport over the “Sneakers for All” logo. Founded in 1995, Oteros operates 25 stores under the “Sneakers for All” name, selling sports apparel and shoes, and 60 ...
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Celebrating its 120th anniversary, the British Footwear Association (BFA) has...
Celebrating its 120th anniversary, the British Footwear Association (BFA) has relaunched its website, featuring a searchable database of British footwear companies. Members get information on BFA reports, apprenticeship programs and the organization's lobbying efforts. A series of articles will be released each month about the 12 decades of the BFA, ...
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Article
Ukrainian shoe industry sees threats in growing foreign trade
In the first ten months of 2018, Ukraine exported shoes worth $149 million, 23.1 percent more as compared to the same period of the previous year, says the Ukraine Light Industry Association (UkrLehProm). It pointed out, however, that the country's international trade in the sector is bringing not only opportunities, ...
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The tax evasion inquiry involving Gucci, part of the Kering...
The tax evasion inquiry involving Gucci, part of the Kering luxury conglomerate, is reportedly leading to a formal request for a trial. According to reports by Reuters, which quote “a judicial source,” Milan prosecutors have wrapped up their investigation into alleged tax evasion of around €1 billion, paving the way ...
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A customer, Sherry Foster, has filed suit in New York...
A customer, Sherry Foster, has filed suit in New York District court against Skechers, claiming that the batteries in her son's S-Lights sneakers leaked and gave him second-degree burns. She is attempting to gain class certification for all buyers of footwear containing Ni-Cad batteries since Nov. 7, 2015. The suit ...
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Vans has sued Primark, the British fast fashion retailer, in...
Vans has sued Primark, the British fast fashion retailer, in a federal U.S. court in Brooklyn, charging that it began selling copies of its Old Skool and SK8 Hi vulcanized shoes in the U.S. The hot American brand of sneakers says that Primark started selling those knockoffs in some ...
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In its relentless pursuit of fake Ugg shoes, Deckers Brands...
In its relentless pursuit of fake Ugg shoes, Deckers Brands is asking U.S. judicial authorities to obtain control of the counterfeiters' internet domains from the registrars immediately after filing a suit and to freeze customers' payments before the case is decided. Additionally, Deckers is asked to be allowed to serve ...
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Short stops
The French Senate has blocked a move by the government...
The French Senate has blocked a move by the government to reduce the budget of the Centre Technique du Cuir (CTC)
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Assocalzaturifici, the association of Italian shoemakers, expressed satisfaction with the...
Assocalzaturifici, the association of Italian shoemakers, expressed satisfaction with the European Parliament's approval on Dec. 12 of the European Union's free trade agreement with Japan. It will reduce Japanese import duties on footwear from 30 percent to 21 percent when it is implemented, most likely by Feb. 1. They will ...
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Assocalzaturifici, the association of Italian footwear manufacturers, is supporting a...
Assocalzaturifici, the association of Italian footwear manufacturers, is supporting a project called “Chi semina raccoglie,” the Italian for “You reap what you sow.” The project is organized by Ca'leido, an Italian non-profit association that helps autistic children. Assocalzaturifici will help build a new facility for autistic children in Altivole, a ...
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The European Commission has approved a set of free trade...
The European Commission has approved a set of free trade and investment agreements with Vietnam, submitting them to the member states and the European Parliament for final endorsement. Under the free trade agreement, both Vietnam and the European Union will eliminate 99 percent of their import duties on each other ...
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Article
Italy made 5% fewer shoes in Q3
Italy's shoe production fell by 5.0 percent in volume in the third quarter of 2018, resulting in a 2.4 percent decline for the first nine months of the year, according to a survey released by the Italian shoe industry association, Assocalzaturifici.The association noted that domestic demand was not showing any ...
