All Legal & Institutional articles – Page 6
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News briefs
Kanye West files trademark for “YZY sock shoes”
Kanye West has filed an application for “YZY sock shoes” via its holding company, Mascott Holdings, TMZ has first reported. Mascotte Holdings, Inc. was formed in June 2004 by West and agent Andre Bodiford. The new trademark application, filed on May 4 to the United States Patent and Trademark Office ...
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ArticleAllbirds faces class action for alleged false and misleading information
On April 14, Bernstein Liebhard, a U.S. law firm specializing in securities litigation and corporate governance, said that a securities class action lawsuit has been filed on behalf of investors who purchased Allbirds’ shares. The lawsuit was filed in the United States District Court for the Northern District ...
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ArticleKazakh shoe prices set to rise due to mandatory labeling
Mandatory origin labeling of shoes came into force in Kazakhstan on April 1, despite criticisms by small retailers. Market players had urged the authorities to delay the reform, which has already been postponed for almost a year, or to make the labelling voluntary.In the last week of March, a significant ...
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News briefsAmazon destroyed over 6m counterfeit items in 2022
Amazon claims that it destroyed over 6 million counterfeit goods in 2022 compared with some 3 million in 2021 and about 2 million in 2020. “Our efforts to identify and dismantle counterfeit organizations are working and making a positive impact. In 2022, Amazon’s Counterfeit Crimes Unit sued or referred for ...
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News briefs
U.K. completes talks to join CPTPP
The British government said that it has “substantially” concluded negotiations on the U.K.’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement including 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The U.K. applied to join CPTPP ...
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News briefs
Alpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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ArticleHow a group of Polish shoemakers is seeking to relaunch their industry
Created in 2019, Polska Grupa Producentów Obuwia (PGPO) is a proactive grouping of more than 50 Polish shoemakers largely based in the southern province of Malopolskie, the country’s main footwear cluster, aiming to promote their industry which has been badly hit by Russia’s invasion of Ukraine on Feb. 24, 2022. ...
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ArticleAbout 400 Turkish footwear factories were destroyed in February’s earthquakes
Some 400 footwear factories were destroyed in the cluster of Antakya during the two earthquakes, with respective magnitudes of 7.8 and 7.7, that hit southern Turkey and northwestern Syria on Feb. 6. 2023, according to Berke Içten, the chairman of the association of Turkish footwear manufacturers, TASD. The plants represent ...
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ArticleSan Marina goes into liquidation
The French footwear retailer San Marina has been put into compulsory liquidation by a Marseille-based commercial court, leading to some 650 job losses in 163 stores. On Feb. 20, the court stated that no serious relaunch project had been put forward and that it had ordered the company to immediately ...
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News briefs
Spain clears paid menstrual leave
The Spanish parliament has approved legislation authorizing a paid menstrual leave for women suffering severe period pain. It is the first European country to introduce such a measure. Lawmakers also cleared legislation allowing anyone aged 16 or more to change their gender on their national identity card with a simple ...
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ArticleGo Sport France and Kookaï go into receivership
Go Sport France and Kookaï have been placed into receivership as some French retailers continue to suffer from the impact of the Covid-19 pandemic and competition from online businesses. Meanwhile, Pimkie is expected to be sold soon with the loss of about 500 jobs. On Feb. 2, 2022, a Grenoble-based ...
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News briefs
Nike sues Lululemon for alleged patent infringement in footwear
Nike Inc. is suing Lululemon Athletica, claiming that at least four of Lululemon’s footwear products infringe its patents. In a complaint filed in Manhattan federal court, Nike alleges that Lululemon’s Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel sneakers infringe on Nike’s patents related to its Flyknit technology, with reference to ...
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News briefs
U.K. competition regulator to probe Farfetch purchase of YNAP stake
The U.K.’s competition regulator is probing Farfetch’s deal to buy a stake in the online retail business Yoox Net-a-Porter (YNAP) from the luxury goods giant Richemont. The Competition and Markets Authority (CMA) is now examining whether the deal to sell a 47.5 percent stake in YNAP to the online retailer ...
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News briefs
Indonesia and EU aim to reach a free trade deal in 2023
The European Union and Indonesia aim to conclude a free trade agreement by the end of 2023 despite numerous trade disputes, said Vincent Piket, the EU’s ambassador in Jakarta. Piket told journalists that European Commission’s President Ursula von der Leyen and the Indonesian President Joko Widodo had decided in the ...
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News briefs
Kazakhstan could face a sharp increase in footwear prices
New labelling rules are expected to lift the retail prices of shoes on the Kazakh market by 30 percent in 2023, a group of importers told the local publication Caravan. Kazakhstan introduced mandatory digital labelling of footwear on Nov. 1, 2021, but let retailers sell unlabeled shoes during a transition ...
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News briefs
Ecuador, Mexico free trade talks at ‘dead end’
Talks to reach a free trade agreement between Ecuador and Mexico are at a “dead end”, according to the Ecuadoran President Guillermo Lasso. Lasso said that the Mexican president Andres Manuel Lopez Obrador had informed him that Mexican banana and shrimp producers are opposing a free trade deal. Ecuador had ...
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ArticleFrance introduces new anti-greenwashing rules
As part of its legislative arsenal to combat climate change, the French government has now introduced the next stage of its anti-greenwashing legislation, effective January 1, 2023. The new rules are a major step in controlling advertising claims on carbon offsetting and carbon neutrality, following laws that came into effect ...
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News briefs
Go Sport placed into receivership
A Grenoble-based commercial court has placed under controlled administration, or receivership, the French retailer of sporting goods Groupe Go Sport after having established that it was insolvent. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings for receivership.” It noted that ...
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News briefs
YNAP fined €5.25m in Italy for alleged misleading pricing, limiting returns
Italy’s antitrust authority has fined Yoox Net-a-Porter (YNAP) €5.25 million for allegedly misleading prices and limiting the right to return merchandise during a period running from 2019 to 2022. In particular, the regulator claims that the company limited consumers’ right to return merchandise by unilaterally blocking completed online orders, without ...
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News briefs
Cotélac obtains a safeguard procedure
Cotélac, a French ready-to-wear retailer, obtained a safeguard procedure on Jan. 4 from a Bourg-en-Bresse-based commercial court. The troubled company said that the procedure will provide it with protection from creditors in order to restructure its business after suffering a significant decline in trade due to various factors including ...
