All Legal articles – Page 2
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News briefsSkechers sued over its acquisition by 3G
The filing argues that Greenberg and family, who control about 60 percent of Skechers’ voting power, have “controlled the sales process to a single bidder and deprived the minority stockholders of any bidding process.”
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News briefsAdidas fined for safety violations at New York warehouse
Adidas America, in a settlement with the US Department of Labor, has agreed to pay $235,000 in penalties to resolve violations stemming from missing guardrails and unsafe ladders at a warehouse in upstate New York. The agreement stems from a follow-up inspection conducted at the warehouse in 2024 by the ...
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News briefs
Canada Goose ordered to pay $30m in vendor dispute
An arbitrator has awarded financial compensation to a former Canada Goose vendor in connection with a previously announced commercial dispute. The case relates to the termination of a contract in 2021, and the award communicated on Wednesday, May 4, has resulted in a one-time financial charge of approximately $30 million. ...
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News briefsTrump expects US Supreme Court to reverse court ruling on trade tariffs
“The ruling by the U.S. Court of International Trade is so wrong,” Trump said, for example.
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ArticleXXL and Stadium could face millions in fines on price fraud
Ten companies have once again misled consumers with their pricing, according to the Swedish Consumer Ombudsman. If no improvement is made, the Swedish chains risk heavy fines.
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ArticleAsics and Adidas stop using kangaroo leather, but what’s next?
After Puma, Nike and New Balance stopped using kangaroo leather, Adidas and Asics have now communicated that 2025 will be the final year the material will be used in the production of football cleats.
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News briefs50% tariff on EU imports proposed from Trump postponed
The US President’s tariff threat first raised trade tensions with the EU, but later was postponed after speaking with Ursula von der Leyen.
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News briefsThe sports industry is urging the EU to sustain funding
The EU’s next multiannual budget framework is under pressure from more than 150 organizations across Europe, who are urging it to safeguard sport funding.
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News briefsOn partners with the International Testing Agency (ITA) to promote clean sport
It is ITA’s first-ever partnership with a commercial sportswear brand.
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News briefsUS and China to suspend part of tariffs for 90 days starting May 14
The US said it would lower its reciprocal tariff on Chinese goods to 10 percent from 125 percent, while China said it would cut its tariff on US goods to the same level.
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News briefsUS sneaker industry appeals to Trump in letter: ‘Spare us from tariffs’
The letter supports a petition signed by such brands as Nike, Adidas, Saucony, Puma and Crocs.
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News briefsShareholder lawsuits settled by Peloton
The settlement hearing is set to take place on June 13 in federal court, Eastern District of New York, Brooklyn.
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ArticleTrump tariffs – reactions from around the sporting goods industry
In line with our coverage of the trade policy of the second Trump administration, SGI Europe will be seeking comment from a variety of industry players. We will be updating this article as reactions come in.
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News briefsInternational trade sees big week-on-week drop
From week to week the US curtailed imports of many Chinese products and materials, the most relevant for the sporting goods industry being apparel (-59.1%).
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News briefsAdidas climate neutrality ad banned by German court
Adidas is ordered to stop promoting its “carbon neutral by 2050” pledge, a court having ruled that its net-zero advertising is misleading.
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ArticleTariff turmoil: How the sports and outdoor industries in the US are bracing for impact
From Salomon to Snowsports Industries America (SIA): Here’s how the US industry feels about Trump’s tariffs.
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ArticleeCom Teams files for bankruptcy
After years of economic challenges, Danske Bank withdraws its support for reconstruction, making it impossible for eCom Teams to continue to operate.
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News briefsChina to impose new tariffs on US goods
As of April 10, China will impose a 34-percent tariff on all products imported from the US, according to Xinjua.
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ArticleTrump’s tariffs: Reactions from within the sporting goods industry and beyond
Few outside the US are happy with the new tariffs that President Donald Trump has just set.
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ArticleUS President Trump sets ‘reciprocal tariffs’
US tariffs on goods from Vietnam, where much sports manufacturing has moved from China, are more than doubling.
