Legal & Institutional – Page 8
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Shenzhou and Eagle Nice slow output in Vietnam
Pou Chen and Kingmaker Footwear are shutting down their shoe factories in Vietnam, as previously reported, and we now hear about the shutdown of at least another local shoe producer, Chang Shin Vietnam Co. Meanwhile a couple of important producers of sports apparel are doing the same as the Covid-19 ...
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FIS sets up new working groups and an office in Beijing
The International Ski Federation (FIS) has opened a 400-square-meter liason office in Beijing, following the formation of a China Working Group at a recent meeting of the FIS Council, led by one of the council’s members, Moses Liang-Cheng Zheng. The announcement was made at a Chinese National Snow Sports press ...
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ArticleNike loses a legal round in Dutch tax probe
The General Court of the European Union in Luxembourg has dismissed an appeal by the Nike group against the investigation launched by the European Commission in January 2019 into the favorable tax treatment granted to the group by Dutch tax authorities to the European entities of Nike and Converse, and ...
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ArticleHow can home fitness and commercial fitness coexist?
Severely impacted by the Covid pandemic, which has led to their closure and to a boom in home fitness all over the world, fitness studios and other types of membership-based gyms are being led to establish new connections with the home fitness industry while looking for new sources of revenues. ...
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ArticleAmnesty Int’l alleges crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled “Like We Were Enemies in a War”: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...
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G7 agree to a global minimum tax for tech firms
According to their announcement of June 5, the finance ministers of the Group of Seven (G7) – Canada, France, Germany, Italy, Japan, the U.K. and the U.S. – have agreed to require multinationals to pay a global minimum income tax rate of 15 percent in the countries where they do ...
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ArticleGoogle is fined €220m in France over its ad auction processes
France’s Competition Authority (Autorité de la Concurrence) has fined Google €220 million for “having abused its dominance of the ad-server market with respect to publishers of websites and mobile applications.” The authority calls this “the world’s first ruling on the complex algorithmic auction processes by which online ‘display’ advertising functions.”
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Swiss Snowsports Initiative appoints new VP
The non-profit organization Swiss Snowsports Initiative appointed Virginie Faivre as its vice president at the start of May. She has replaced Pierre Pfefferlé, who was instrumental in the development of the initiative’s website, GoSnow.ch. A native of Lausanne, Faivre is a former world freestyle ski champion and now sits on ...
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ArticleFESI report indicates a recovery in the sports goods sector
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 outdoor ...
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IOC discusses sustainability, legacy, gender equality and inclusion
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 new Gender Equality ...
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Amazon doesn’t owe any taxes in Europe
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 agreement ...
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ArticleAmazon steps up counterfeit crackdown, blocks 10bn suspected listings
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 10 billion ...
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Stores remain closed in Germany, will reopen in France
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 ...
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ArticleNew RecallDesk eases burden of product recalls in Europe
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 behind ...
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In a switch, Peloton recalls its treadmills
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 the death, on March ...
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ArticleHow sports companies are dealing with Brexit
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 ...
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The European Super League project is being reconsidered
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 wave of criticism that ...
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European Super League project unleashes strong reactions
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 U.K. Prime ...
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Major brands hit with complaint in Paris over forced labor in Xinjiang
Last year’s report by the Australian Strategic Policy Institute (ASPI) on the plight of Uyghurs and other ethnic minorities in the Chinese province of Xinjiang is still making waves. Citing the report, two NGOs, the European Uyghur Institute and an individual Uyghur woman have engaged a French law firm, Bourdon ...
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Selling shoes becomes an essential service in Bavaria
The ANWR Group, which is also the parent company of Sport 2000 in Germany and three other countries, has obtained a court verdict in Bavaria that allows its own 19 Schuh Mücke shoe shops to open their doors in the state as of April 1, despite a nationwide retail lockdown, ...
