All Legal & Institutional articles

  • Article

    In a switch, Peloton recalls its treadmills

    2021-05-06T16:29:00Z

    Acting in conjunction with the U.S. Consumer Product Safety Commission (CPSC) and after refusing last month to do so, Peloton Interactive has issued separate product recalls for its Tread+ and Tread treadmills, of which about 125,000 have been sold so far. The affair stems from ...

  • News briefs

    Peloton is hit by a class action suit

    2021-05-04T14:38:08.377Z

    The shareholders of Peloton Interactive are being asked to participate in a common class action suit against the company, accusing it and its top executives of violating federal securities laws in connection with the death on March 17 of a child trapped under one of the company’s Tread+ ...

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    UA to pay $9m in fines for misreported revenues

    2021-05-04T14:38:00Z

    The U.S. Securities and Exchange Commission ( SEC ) is levying $9.0 million in fines on Under Armour for “misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects.” The misdeeds occurred over a year and ...

  • News briefs

    Russia postpones to June 15 deadline to sell untagged shoes

    2021-05-04T08:51:00Z

    The Russian government has once again pushed back the deadline for retailers to sell their remaining inventories of untagged footwear to avoid counterfeits. The new date is June 15. Labelling shoes with special electronic tags became mandatory in Russia on June 1, 2020. As of April this year, 82,000 companies ...

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    Columbia sues Wuxly over its heat-reflective design patent

    2021-05-04T08:49:00Z

    Columbia Sportswear is suing Wuxly , an outerwear company registered in Canada, for allegedly infringing a design patent covering its heat-reflective material. The lawsuit (U.S. number 655,921) was filed on April 27. According to the plaintiff, Wuxly’s Sabertooth line of jackets uses lightweight underlining that infringes on Columbia’s ...

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    Article

    How sports companies are dealing with Brexit

    2021-04-29T12:39:00Z

    The European Parliament voted on April 27 to approve the agreement signed by the British government and the EU on Christmas Eve to regulate trade relations after the U.K.’s official exit from the European Single Market on Jan. 1. It’s been hard for the companies in our sector, especially the ...

  • News briefs

    BSI tells the German government that sport can help defeat Covid

    2021-04-29T09:38:00Z

    The German Sporting Goods Industry Association ( BSI ) has called on the German federal government in an open letter to recognize the relevance of sport as an “effective corona (virus) prevention” and to use “sport as part of the solution for coping with pandemics.” Sport is important for ...

  • News briefs

    English soccer to boycott social media over “abuse”

    2021-04-27T17:13:00Z

    Various British football associations will be boycotting the social media networks for the U.K.’s bank holiday from April 30 to May 3. The reason, as their common statement reads, is the “ongoing and sustained discriminatory abuse received online by players and many others connected to football.” The announcement was made ...

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    Sports Direct is ordered to pay back rent

    2021-04-26T17:25:00Z

    The U.K.’s High Court has ordered Frasers Group , the parent of Sports Direct and many other companies, to pay rent arrears to the landlords of one of its stores, which has been forced to stay closed for several weeks because of the Covid-19 pandemic. The judge supported the ...

  • News briefs

    Afydad launches online marketplace

    2021-04-26T16:28:00Z

    Afydad , the Spanish association of sporting goods manufacturers and retailers, has launched a new website, www.spainissport.com , to serve as an omnichannel B2C marketplace and B2B showroom. The marketplace is now operational, can take orders from final customers and can “geolocate” for them the nearest distributor or retailer of ...

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    German retail lockdown measures set through June 30

    2021-04-22T16:57:00Z

    German legislation that imposes new limits on the opening of schools and non-essential retail stores, including sports shops, passed the Senate on Thursday, April 22. Already approved by the lower house of the German Parliament, the bill became law on Friday after being signed by German President Frank-Walter Steinmeier . ...

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    German Parliament sets limits for Click & Meet and Click & Collect

    2021-04-21T16:29:00Z

    The lower chamber of the German Parliament has decided to raise the minimum permissible level for the non-essential retailers’ Click Meet services (visiting the stores by appointment only) for areas of the country where 150 out of 100,000 residents are found to be contaminated by Covid-19. If the ...

  • Article

    The European Super League project is being reconsidered

    2021-04-21T06:55:00Z

    As of the early afternoon of Wednesday, April 12, Real Madrid and Barcelona FC were the only clubs that had not yet turned their backs on the project of a European Super League (ESL) of football out of its 12 original signatories. Confronted with the strong ...

  • Article

    European Super League project unleashes strong reactions

    2021-04-20T16:48:00Z

    The announcement made on April 18 by a group of 12 leading European football clubs about the creation of a break-away European Super League has sparked a range of negative reactions from governing bodies, players, fans and even some top political leaders. Both French President Emmanuel Macron and ...

  • News briefs

    Peloton says its Tread+ treadmill is safe

    2021-04-20T16:47:26.203Z

    Peloton has issued a statement to refute the claims by the U.S. Consumer Product Safety Commission ( CPSC ) about the safety of the Peloton Tread+ treadmill following a series of incidents with the equipment. A child died in March while using the Tread+, as previously reported by ...

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    Bleyer files for insolvency

    2021-04-16T15:26:00Z

    Bleyer , a German producer of sports shoes for special activities, has filed for temporary insolvency because of cash problems caused by the coronavirus pandemic. The company, which employs 21 people, and its web store will continue to operate like before, hoping that the current restrictions on sports and dance ...

  • News briefs

    Dish sues Peloton, Lululemon and Icon Health & Fitness over streaming technology

    2021-04-16T15:24:00Z

    Connected fitness remains a hot issue in terms of intellectual property rights . Dish Network Corp. and its Sling TV division are suing Peloton Interactive , Lululemon Athletica and Icon Health Fitness for allegedly infringing five patents for technology that improves the quality of ...

  • News briefs

    Puma reportedly agrees not to use the Tokyo 2020 mark

    2021-04-15T15:17:00Z

    Puma has reportedly settled a dispute with the U.S. Olympic and Paralympic Committee ( USOPC ), which claims to own trademarks for the Tokyo 2020, Beijing 2022 and Paris 2024 labels, with the right to use them for licensing and sponsorship agreements. The committee and Team ...

  • News briefs

    Fitbit and Garmin are cleared of two out of four patent infringement charges

    2021-04-14T16:50:00Z

    The U.S. International Trade Commission (ITC) has confirmed that Garmin and Fitbit are not infringing on two patents registered by Philips , concluding that they are invalid, but it did not overturn two other patents over which the Dutch electronics company is still in litigation with the ...

  • News briefs

    FESI launches new Covid-19 survey

    2021-04-14T16:28:00Z

    FESI has launched a third survey to assess the impact of the Covid-19 pandemic on the sporting goods industry. It is open to any sporting goods company operating in Europe, with a tentative deadline of April 28 for the replies. A specific section is devoted to winter sports. ...