News briefs
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News briefsCourt clears Adidas in Ye investor case
A US court ruled Adidas did not mislead investors over risks tied to its Yeezy partnership with Kanye West (Ye).
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News briefsWFSGI teams up with Intertek on compliance tools
The new industry partnership offers sporting goods companies centralized access to regulatory updates, testing services and expert compliance support.
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News briefsFanatics involved in apparel sales case in Australia
“This ruling will have a very minor effect on our business and our ability to serve our partners in Australia,” Fanatics´ spokesperson commented on the court judgment.
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News briefsDanish Intersport bankruptcy makes multi-million loss to bank
Danske Bank is the sole creditor, with corporate mortgages totaling DKK 172 million (€23m).
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News briefsShein fined $700k in California
Shein must fork over $700,000 as part of a settlement with California’s Napa, Sonoma, Los Angeles and San Francisco counties because of what law enforcement describes as “unlawful shipping delays.” California prosecutors unveiled the settlement on Wednesday, tying a bow around a complaint which alleged the fast-fashion giant broke the ...
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News briefsLululemon sues Costco
Lululemon claims Costco sold unauthorised and unlicensed apparel that uses knockoff, infringing versions of its patents.
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News briefsPeak Ski Company, co-founded By Bode Miller, collapses
US Olympic champion Bode Miller´s ski brand has collapsed amid debt & allegations of mismanagement.
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News briefsMunich loses trademark suit against Nox
The lawsuit was filed in 2017 by Munich parent Berneda SA (of Capelladaes, Barcelona province) against Nox parent JJ Ballvé Sports (of Barcelona).
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News briefsPatent dispute between Smith Optics, Burton and Koroyd settled
Three major players have resolved a cross-continental patent dispute, resulting in exclusive licensing rights for one brand.
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News briefsSports Direct has been reported for misleading pricing practises
Sports Direct has been reported to the Competition and Markets Authority (CMA) over “misleading” pricing practices by Which?
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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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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.
