Legal & Institutional – Page 6
-
ArticleAuthentic Brands Group settles lawsuit with Bolt, becomes shareholder
Authentic Brands Group (ABG), the owner of Reebok and other global brands, has settled out of court and agreed to dismiss its lawsuit against Bolt Financial Inc. ABG said that it would continue to partner with Bolt to offer “one-click” checkout capabilities to ABG’s brands Forever 21 and Lucky Brand. ...
-
ArticleVertical Block Exemption Regulation -
VBER 2022: Guidelines for the new EU-wide distribution lawThis article provides you with everything you need to know about the new EU-wide distribution law: Vertical Block Exemption Regulation (VBER). It is one of the most important regulations for everybody in the trade business.
-
ArticleU.S. ban on imports from Xinjiang goes into effect
The Uyghur Forced Labor Prevention Act (UFPLA), prohibiting the import into the U.S. of products made by forced labor in Xinjiang, China, is now in force, under the oversight of U.S. Customs and Border Protection (CBP). The act was signed into law by President Joseph Biden on Dec. 23, 2021, ...
-
ArticleFESI outlines strategic development plan for 2022-2025
After two days of intensive workshops during an extraordinary meeting in Vienna, the Federation of the European Sporting Goods Industry (FESI) has successfully consulted its members on its strategic development plan for the next three years. From policy priorities to member services and membership expansion, FESI is currently working on ...
-
ArticleItaly’s sporting goods industry association says winter season has shown positive signs
Assosport, the Italian sporting goods industry association, has described the past 2021/22 season as a positive one for winter sports after the dark period of the pandemic. Covid-19 forced to cancel virtually all activities from March 2020 until the end of 2021, with severe repercussions on the broader sector. Most ...
-
ArticleFESI welcomes preliminary agreement on DSA, but calls for better corporate and consumer protection
FESI has commented with approval on the preliminary political agreement reached on April 23 between the EU Parliament and Council on the Digital Services Act (DSA) proposal. The agreement paves the way for a safer and fairer online environment by strengthening the liability of online platforms for illegal content, especially ...
-
ArticleIOC and stakeholders support Ukrainian Olympic Community and athletes
Source: World Athletics/IOC World Athletics’ fund support professional athletes affected by the war in their home country. As normal civil life is made impossible in Ukraine due to the Russian invasion, so is regular training for most athletes in the country. The International Olympic Committee (IOC) has ...
-
ArticleMore than $2 million already allocated for Ukrainian Olympic Community
The Solidarity Fund established by the International Olympic Committee (IOC) for the Ukrainian Olympic Community and sports movement has received so far over US$2 million, the IOC said. This fund was made up of an initial donation of $1 million from the IOC and Olympic Solidarity, followed by a further ...
-
ArticleStockX claims Nike lawsuit mischaracterizes Vault NFTs
On March 31, StockX published a revision of its previous statement, from Feb. 8, on Nike’s lawsuit – filed on Feb. 3 – over the collectibles-trading company’s so-called Vault NFTs. Both statements are available online. StockX began as a marketplace for second-hand collectible items, notably sneakers, with an authentication service ...
-
ArticleEuropean Alliance for Physical Activity launched by cross-sector associations
ENOS, EuropeActive, FESI and It’s Great Out There Coalition have launched the European Physical Activity Alliance (EPAA), a new organization designed to promote the benefits of health-enhancing physical activity for physical, social and mental health and well-being. The EPAA was launched during an online event that attracted more than 200 ...
-
ArticleInternational Padel Federation unveils name, logo and dates of new official padel tour
The International Padel Federation (FIP), headquartered in Switzerland but operating from Spain, has released more details about its new padel circuit, which will be called Premier Padel, and its new logo, a gold star attached to five paddles. Until now, the emerging sport has had only one world championship, the ...
-
ArticleThe sports world reacts to the invasion of Ukraine
We’ve already reported on consequences taken by Nike, Adidas, Keen, Haglöfs and Mammut following Russia’s aggression against Ukraine last week, but there’s much more going on in the sports world. Here is an excerpt of the latest happenings: The International Biathlon Union IBU excludes biathlon teams from Russia and ...
-
ArticleJD gets fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, it confirmed that it will “continue to work constructively” ...
-
ArticleNike sues StockX, and explores the nature of NFTs
The age-old philosophical debate over the nature of simulacra has found new life in new forums: the metaverse, where big brands have been recreating their products in virtual form, and the courts, where those same brands are now clashing with other business entities over the realities, virtual and other, of ...
-
Article
Italy’s growing sporting goods industry is becoming more sustainable
The Italian sporting goods industry raised its aggregate revenues by an estimated 8.4 percent to €12.2 billion in 2021, according to a survey conducted by its trade association, Assosport, among its 120 members, which market some 300 brands and employ 9,300 people, representing almost one third of the industry’s total ...
-
ArticleWFSGI looks back on a positive year
At its annual general assembly, which is usually held at this time of the year before the ISPO Munich show, the World Federation of the Sporting Goods Industry (WFSGI) reported on a successful closing of the year 2021, with positive financial results and the addition of new staff, eight new ...
-
Article
FESI criticizes the European Parliament’s action against online fakes
FESI, the European Federation of the Sporting Goods Industry, had already expressed mixed feelings last month about a report issued by a committee of the European Parliament about the European Union’s proposals for a Digital Services Act (DSA). In spite of some positive amendments, it is now regretting the absence ...
-
Article
Consumer confidence dwindles in the U.K.
GfK’s Consumer Confidence Index for the U.K. has fallen by one point so far in December, remaining negative at -15, in the midst of the spreading Omicron variant, which has led to more than 100,000 new daily cases of Covid contamination. The index had improved by three points to -14 ...
-
ArticleNew threats for winter sports across the Alps
A lot of snow fell on the Alps during the first full week of December, driving many local ski fans to the slopes. However, the French ski resorts are worried about a big drop in reservations by foreign tourists, especially from the U.K., following a ban by the French government ...
-
ArticleFIFA unveils a new commercial partnership structure
Brands will be able for the first time to take up dedicated partnerships with FIFA around women’s football and esports/gaming. The international governing body for football said the new range of partnership packages “will provide more options and flexibility for companies to connect with global football and the biggest cultural ...
