All Legal & Institutional articles – Page 5

  • FESI
    Article

    FESI report indicates a recovery in the sports goods sector

    2021-06-02T17:42:00Z

    A new survey conduct in April by the Federation of the European Sporting Goods Industry (FESI) indicates that most sporting goods companies are now “on their way to recovery;” despite the difficulties they have been going through over the last 12 months. The picture is, however, quite diversified. The ...

  • News briefs

    German retailers seize the Constitutional Court over the lockdowns

    2021-05-31T17:06:00Z

    A group of ten German retailers including Intersport, Engelhorn and Rose Bikes have sued the German federal government in the country’s Constitution Court over its strict anti-Covid lockdown regulations. The current measures prevent the opening of so-called “non-essential” retail stores, including sporting goods retail shops, in areas where more ...

  • News briefs

    Nike claims its break-up with Neymar was tied to a sexual assault allegation

    2021-05-28T17:18:00Z

    Nike ’s decision to stop working with Neymar jr. last year was connected with allegations by a Nike employee that the footballer had sexually assaulted her, the Wall Street Journal ( WSJ ) has revealed, and Nike has partly confirmed the report, adding that the allegations could not ...

  • News briefs

    ​U.K. competition watchdog sets out “green claims” principles for businesses

    2021-05-27T14:51:00Z

    In 2020, the U.K. Competition and Markets Authority ( CMA ) announced that it was investigating the impact of “green” marketing on consumers. A recent analysis of websites, conducted alongside other global authorities, has shown that 40 percent of green claims made online could be misleading, the CMA said. The ...

  • News briefs

    Nike and Puma are still battling over the term “footware”

    2021-05-27T14:51:00Z

    The Fashion Law has reported that Nike and Puma appeared before the High Court of Justice in London on May 17 for an appeal hearing stemming from Nike’s quest to register the term “footware” as a trademark, for use in connection with tech-driven sneakers. In Nike’s view, ...

  • News briefs

    The NBA forms NBA Africa

    2021-05-27T14:51:00Z

    The National Basketball Association ( NBA ) has announced the formation of NBA Africa , a new entity that will operate the league’s business in the African continent. This will include the Basketball Africa League ( BAL ), jointly operated by the NBA and the International Basketball Federation ...

  • News briefs

    Mizuno joins Xinxiang boycott

    2021-05-25T17:37:00Z

    Mizuno Corp. has joined several Western sports brands in the boycott of cotton sourced in the Xinjjiang region of China. The company refrained from an official disclosure of the reasons for the move, which is probably linked to allegations of human rights abuses against Muslim Uyghurs in the area. ...

  • News briefs

    GB Snowsport launches initiative to attract urban youngsters

    2021-05-24T17:15:15.093Z

    GB Snowsport has launched Project Balance , a new initiative aimed at fostering new connections between young people in urban environments and the country’s snow sports program. Project Balance is part of a wider effort by the British governing body for snow sports to build enthusiasm ahead of the ...

  • News briefs

    StockX is probed by the Italian competition authority

    2021-05-24T14:59:00Z

    Italy’s competition regulator, AGCM , is investigating StockX – the U.S.-based online market for sneakers, streetwear, collectibles and other items – over various aspects of its service, among them allegedly misleading pricing. AGCM said that it is concerned by the “total absence” during the purchasing process of the identity ...

  • News briefs

    AAFA releases updated Restricted Substance List

    2021-05-21T13:03:00Z

    The American Apparel Footwear Association ( AAFA ) has released the 22nd edition of its Restricted Substance List ( RSL ), which lists banned or restricted chemicals and substances in finished apparel, footwear and home textile products around the world. The 22nd version of the RSL ...

  • News briefs

    Peloton pushes software lock to Tread+

    2021-05-20T12:42:00Z

    Peloton Interactive has followed through on its agreement with the CPSC to improve the safety of its treadmills by requiring users to unock the devices with a four-digit PIN, dubbed “Tread Lock,” after 45 seconds of inactivity. The feature is part of an automatic software upgrade that is being ...

  • News briefs

    Shareholder suit against UA may proceed

    2021-05-20T12:38:00Z

    Following Under Armour ’s acceptance of a $9 million settlement with the Securities and Exchange Commission (SEC) earlier this month, Baltimore federal court judge Richard Bennett has ruled that a long-running consolidated shareholder suit against the company can go forward. The suit, which names the company and its ...

  • Article

    IOC discusses sustainability, legacy, gender equality and inclusion

    2021-05-17T16:30:00Z

    Following the recent approval of its new strategic roadmap, Olympic Agenda 2020+5 , the executive board of the International Olympic Committee ( IOC ) discussed on May 12 the practical implementation of a series of recommendations in the areas of sustainability, legacy, gender equality and inclusion as part of its ...

  • Article

    Amazon doesn’t owe any taxes in Europe

    2021-05-14T13:47:00Z

    Amazon EU has won an appeal to Europe’s General Court against a 2017 ruling by the European Commission that ordered it to pay €250 million in back taxes to the government of Luxembourg, which were considered as “illegal state aid.” The Commission reacted with a plea for an international ...

  • amazon-logo
    Article

    Amazon steps up counterfeit crackdown, blocks 10bn suspected listings

    2021-05-14T12:28:00Z

    Amazon reports that it has stepped up its brand protection strategy in a bid to uphold its reputation as a dependable online marketplace amid growing numbers of counterfeiters and scammers attempting to sell products to home-bound consumers. The e-commerce giant said that last year it blocked more than ...

  • Article

    Stores remain closed in Germany, will reopen in France

    2021-05-13T14:16:00Z

    Sporting goods stores and other so-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April ...

  • RecallDesk
    Article

    New RecallDesk eases burden of product recalls in Europe

    2021-05-13T09:47:00Z

    The expensive product recall at Peloton Interactive , which is expected to lead to extraordinary charges of $125 million for this fast-growing American home fitness equipment company, is sending out a strong signal that the sporting goods industry must be better prepared to face similar issues, partly because the technology ...

  • 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

    2021-05-04T14:38:00Z

    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+ ...

  • News briefs

    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 ...