News briefs – Page 31
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News briefs
Ecco wins long-standing tax dispute
A long-standing dispute between the Danish footwear company Ecco and the Danish Tax Agency has finally been settled. The transfer pricing case was related to the company’s taxable income for 2005. The Danish Western High Court has ruled that Ecco did not break the rules for so-called transfer pricing. In ...
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News briefs
WFSGI proposes task force for digitalization of product labels
In a letter to its members, the World Federation of the Sporting Goods Industry (WFSGI) has announced the creation of a “Digitization of Product Information” task force, co-chaired by Decathlon and VF Corporation and aiming to promote digital labelling and best practices within the sporting goods industry. On the basis ...
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News briefs
European court restricts data transfer across the Atlantic
The European Court of Justice ruled that the so-called EU-US Privacy Shield, which was enforced in 2016 to regulate the transfer data across the Atlantic Ocean by Facebook and other companies, has failed to protect European rules on privacy and data protection. The ruling is expected to put further pressure ...
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News briefs
New face masks regulations in the U.K. and France
The British government has requested that people wear face masks in stores as of July 24, and the French government is considering making masks mandatory in stores and all other public places by Aug. 1 at the latest. The British Retail Consortium has said that retailers should not be required ...
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News briefs
Fesi is promoting European School Sport Day
The Federation of the European Sporting Goods Industry (Fesi) and the Moving Schools Alliance are working together to promote the European School Sport Day (ESSD), the main event of the #BeActive European Week of Sport. This year’s ESSD is scheduled for a requisite 120 minutes of activity (in several sessions, ...
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News briefs
Apple’s European tax victory may favor Nike’s case
Observers feel that the European Commission’s legal stance against Nike Europe over an alleged under-payment of taxes in the Netherlands has been weakened by a ruling by the General Court of European Court Justice that annulled its previous decision against Apple Corp. and the Irish government. The Commission had charged ...
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News briefs
FC Barcelona seeks damages from Nike for defective jerseys
The Financial Times reports that FC Barcelona will be seeking monetary compensation from Nike, its sponsor since 2018. Apparently, the colors of the jersey in the Swoosh’s kit bleed when they get wet. Both Nike and the football club hope to resolve the problem by August, when Europe’s Champions League ...
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News briefs
Pádel now has its own lobby
The Clúster Internacional del Pádel (CIP) is officially established as of this month as a global development platform for the Spanish version of paddle tennis, with its membership now open to any pádel-related raw-materials supplier, manufacturer, distributor, importer/exporter, retailer, service provider or club anywhere in the world. The CIP’s founding ...
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News briefs
Amazon steps up its fight against fakes
Amazon has announced the creation of a new Counterfeit Crimes Unit, a global, multi-disciplinary team composed of former federal prosecutors, experienced investigators and data analysts. The new unit is dedicated to “bringing counterfeiters that violate the law and Amazon’s policies by listing counterfeit products in its store to justice,” the ...
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News briefs
WBIA joins new WHO’S task force
The World Bicycle Industry Association (WBIA) has been invited to participate in a new task force to develop “Principles of Green and Healthy Sustainable Transport.” The task force is part of THE PEP (Transport, Health and Environment Pan-European Programme), a joint body of the World Health Organization (WHO) and the ...
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News briefs
Tokyo to cut costs on postponed Olympics
(updated) Two-thirds of the japanese companies that were planned to be a sponsor of the Tokyo 2020 Olympic Games are having second thoughts about maintaining their commitment until next year, according to the Japanese TV channel NHK. The survey was aired after members of the organizing committee of the Games ...
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News briefs
Madrid to cover half the cost of a bicycle
To relieve its public transport and roads – and prepare for a post-Covid-19 world – the autonomous community of Madrid is offering to cover half the cost of a scooter, bicycle, moped or electric motorcycle for its inhabitants. Bicycles may cost up to €500, mopeds up to €600 and motorcycles ...
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News briefs
Italy registers booming bike sales
Bicycle sales in Italy have jumped by 60 percent since bicycle shops reopened after the lockdown on May 6, as compared to the same period of 2019. According to data released on June 9 by Ancma (Associazione Nazionale Ciclo Motociclo Accessori), the sector’s trade association, Italians bought 540,000 units in ...
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News briefs
Vietnam gets an advantage over Cambodia
While the government of Cambodia continues to take insufficient action to secure labor rights in the country, Vietnam’s parliament has just ratified a free-trade agreement with the European Union. Only a few steps are still missing before it goes into effect on Aug. 1, making it more likely that European ...
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the VAT rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants from 19 ...
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News briefs
Italy’s sporting goods industry calls for public support
Assosport, the Italian Association of the Sporting Goods Industry, is urging the Italian government to adopt effective measures to help the sector recover, after three months of inactivity. In its opinion, the measures should include, among others, an exceptional reduced VAT rate of 4 percent on sporting goods until July ...
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News briefs
The IOC and WHO renew cooperation to promote physical activity
The International Olympic Committee (IOC) and the World Health Organisation (WHO) have announced a new cooperation agreement that reiterates their joint commitment to promoting healthy lifestyles, including physical activity, sport and active recreation, as a tool for better health conditions across the globe. The agreement was signed by the IOC’s ...
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News briefs
Spain permits large stores to open in “Phase 1” regions
Decathlon has reopened its 24 small Decathlon City stores in Spain in two stages, while offering click & collect at 74 of its larger stores in the country. Spain’s Ministry of Health has revised its initial guidelines for stores re-openings in Phase 1 regions. By the estimate of the Spanish ...
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News briefs
Fedas fears big sales losses for sports retailers
The Federation of European Sports Retailers (Fedas) has developed a plan of action to improve the protection of employees, customers and particularly vulnerable persons in the retail sector from coronavirus infection. The concept was developed under the leadership of Peter Bruggmann, vice president of Fedas and president of the Swiss ...
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News briefs
Customs seize 1,300 pairs of fake sports shoes
Customs officials in Hamburg have confiscated and destroyed over 1,300 pairs of fake branded sports shoes. They were found together with so-called ”no-name products” in a sea container that arrived from China on Feb. 20. Without revealing the brand names, the officials said they found about 400 different shoe models ...
