More Legal news – Page 2
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News briefsEbay slashes 1,000 jobs amid economic struggles
In a recent internal memo made public, eBay’s CEO, Jamie Iannone, announced plans to reduce the company’s workforce by 9 percent, amounting to approximately 1,000 jobs. The memo cited external challenges, including a “challenging macroeconomic environment,” as reasons for the downsizing, noting that the company’s expenses have outpaced its business ...
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News briefsSwedemount successfully confirms reconstruction plan approval
Swedemount Sportswear & Fashion AB has successfully had a reconstruction plan approved. The majority of Swedemount’s suppliers and groups of creditors voted to confirm the reconstruction plan. Johan Andgren, the Swedish company’s CEO, expresses gratitude to nearly all creditors who have supported them throughout the reconstruction plan. Andgren attributes the ...
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News briefsGolf in Spain keeps growing
The number of golf federation members in Spain reached nearly 300,000 (298,959) in 2023, 1.8 percent more than the previous year, of which 297,378 amateurs and 1,581 professionals, according to figures from the Royal Spanish Golf Federation (RFEG). Golf in Spain has experienced five years of consecutive growth, achieving a ...
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News briefsHyperice expands patent infringement lawsuits
Hyperice, a California-based wellness brand specializing in therapy technology, has filed a total of 16 new lawsuits in federal court against Sharper Image, HoMedics, Ekrin Athletics and a dozen other companies that have sold massage guns that allegedly infringe Hyperice’s patented percussion massage technology. The lawsuits encompass both direct sellers ...
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News briefsAdidas confronts accusations of environmental and worker exploitation
According to a report by the investigative journalism platform Follow the Money, Adidas is facing allegations of contributing to worker exploitation and Amazon destruction in producing its sports shoes. The report suggests that the leather used in Gazelle and Spezial trainers comes from Brazilian meat producers involved in Amazon deforestation. ...
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ArticleFIS announces Impact Sustainability Program
The International Ski Federation (FIS) has released its newly developed Impact Program, a sustainability action plan designed to guide FIS and its key stakeholders through current and future global sustainability challenges. The program covers the period 2024-2026 and includes short, medium and long-term projects and targets. It will serve as ...
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ArticleCounterfeit products cost EU companies €16 billion in sales each year
According to a new study by the European Union Intellectual Property Office (EUIPO), counterfeit goods cost EU industries an estimated €16 billion in sales and nearly 200,000 jobs each year. The 44-page document, titled “Economic Impact of Countering in the Clothing, Cosmetics, and Toy Sectors in the EU,” reveals the ...
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News briefsGlobal Esports Federation unveils senior executive team
Paul J. Foster, CEO of the Global Esports Federation (GEF), has announced a series of updates to the organizational structure as part of the introduction of the GEF 5.0 strategy for the 2024-2028 cycle. Each member of the executive team will lead a core GEF division: Rustam Aghasiyev, Chief ...
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ArticleA review of pro golf’s pending big deal
According to Front Office Sports, the CEOs of two major golf leagues are stepping down, namely Keith Pelley of the DP World Tour (the former European Tour) and Martin Slumbers of the R&A, the sport’s governing body in the UK and operator of the Open Championship. Pelley will be replaced ...
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ArticleSprague becomes new CEO of POW
After unanimous board approval, POW’s previous Board Chair steps in to the role of the organization’s CEO.
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News briefsSoMe guidlines changed by IOC, help athletes at Paris and Gangwon 2024
Get ready to see more content from athletes during the Olympic Games in Paris and Winter Youth Olympic Games in Gangwon. The IOC has changed its guidelines to make it easier for athletes (and sponsors).
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News briefsGeographic mislabeling at Boohoo
Boohoo appears to have put “Made in the UK” labels on perhaps thousands of articles of clothes that were manufactured in southern Asia (Pakistan, for example), as we have learned through Business of Fashion. The original – and presumably correct – labels were removed and replaced last year at the ...
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News briefsFrench sports minister turns into “superminister”
Amélie Oudéa-Castéra, who has been serving as France’s Ministry of Sports and the Olympic and Paralympic Games since May 2022, now has additional responsibilities for national education and youth in what French newspaper Le Monde has called a “superministry.” The appointment follows the designation of Gabriel Attal as France’s new ...
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News briefsThree bids for FIFA Women’s World Cup 2027
FIFA has confirmed three bids from member associations to host the FIFA Women’s World Cup 2027: two joint-bid submissions and one single-bid submission received from member associations representing three confederations. The bids include a joint submission from the Royal Belgian Football Association, the German Football Association and the Royal Netherlands ...
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News briefsFrench government launches France.Sport portal
The French Government has launched https://france.sport, a new portal dedicated to high-level sports in France, defined as “la maison numérique du sport de haut niveau” (the digital house of high-level sports). The new digital platform is fully funded by the Ministry of Sports and the Olympic and Paralympic Games through ...
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News briefsDP World Tour announces strategic partnership with China Tour
The DP World Tour and the China Golf Association (CGA) have announced a strategic partnership that expands the pathway for the players of the CGA-sanctioned China Tour to the DP World Tour and confirms the co-sanctioning of tournaments until at least 2025. The various pathways included as part of this ...
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News briefsFIP and FEP to collaborate in Spain
The International Padel Federation (FIP) and the Spanish Padel Federation (FEP) have joined forces to hold the FIP’s Platinum and Gold tournaments in Spain, to be organized in conjunction with the federations of the country’s autonomous regions. Platinum tournaments have a prize pool of €120,000, and Gold tournaments have a ...
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ArticleWhy you need written agreements, especially in times of financial crisis
Nobody wants to think about going bankrupt, but our legal expert has one piece of advice that will help brands be ready, should the worst happen.
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News briefsUS Sports & Fitness Industry Association Chairman re-elected
The US Sports & Fitness Industry Association (SFIA) announced the re-election of Jonathan Ram, Chief Executive Officer of Clarks, as Chairman of the SFIA Board of Directors for the 2024 term. In addition, Isabel Coscia, Senior Vice President of Marketing at Technogym, Ryan Cruthirds, Chief Digital Commerce and Brand Development ...
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ArticleHyperice sues Therabody for infringement of percussion patent
Hyperice, a California-based provider of muscle and joint restoration, mobility and performance enhancement technologies, filed a lawsuit in federal court on Jan. 3, 2024, against Therabody, Inc., which is also based in California and manufactures the Theragun line of percussion massage guns and other products, alleging infringement of Hyperice’s patented ...
