News briefs – Page 50
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News briefs
The ECF/Cycling Industry Club has received a €2 million subsidy...
The ECF/Cycling Industry Club has received a €2 million subsidy from the European Commission to be spent on a study of the effects of cycling on urban mobility and city-congestion. The announcement was made at the Advocacy Summit in Friedrichshafen on August 27. The meeting was held during the 2015 ...
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News briefs
After announcing the sale of Camelbak to Vista Outdoor (see...
After announcing the sale of Camelbak to Vista Outdoor (see our previous issue), Compass Diversified Holdings (Codi) reported a net profit of $24,457,000 for the second quarter, more than four times the $5,719,000 profit of the year-ago period, on 6 percent higher revenues of $284.7 million. The main factor was ...
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News briefs
After announcing the acquisition of Camelbak and Jimmy Sykes, which...
After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end ...
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News briefs
The renmimbi has lost about 3 percent of its value...
The renmimbi has lost about 3 percent of its value since the People's Bank of China announced a 1.9 percent devaluation against the strong U.S. dollar on Aug. 11, followed by the establishment of a more flexible system to guide the rate from one day to the next. The develuation, ...
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News briefs
Nike and Apple have agreed to settle a lawsuit brought...
Nike and Apple have agreed to settle a lawsuit brought by consumers around the efficacy of the Nike+FuelBand. The class action lawsuit, which was first brought against Nike and Apple in 2013, alleged that the joint Nike-Apple fitness band was marketed on the basis of misleading claims regarding the band's ...
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News briefs
Michael Jordan has lost the lawsuit he had filed in...
Michael Jordan has lost the lawsuit he had filed in the Chinese courts against Qiaodan Sports for using a name and images similar to his own Jordan brand with Nike. The former Chicago Bulls basketball player is known in China as “Qiaodan,” a Chinese version of his name. “Qiaodan” is ...
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News briefs
Adidas filed a suit against Sears in the U.S. District...
Adidas filed a suit against Sears in the U.S. District Court of Portland, Oregon on July 28, charging that the two- and four-striped shoes offered by the retailer have been infringing on the Big a's Three-Stripe logo. The lawsuit seeks injunctions, compensation and damages for alleged trademark infringement and dilution, ...
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News briefs
John Jansen, who runs Keen Footwear's European operations, was voted...
John Jansen, who runs Keen Footwear's European operations, was voted in as the new president of the European Outdoor Group (EOG) at the OutDoor show in Friedrichshafen last week, taking the place of Rolf Schmid, president of the Mammut Sports Group. The EOG will also have a new vice president, ...
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News briefs
The board of Snow Sports Industries of America (SIA) appointed...
The board of Snow Sports Industries of America (SIA) appointed Nick Sargent as its next president, taking the place of David Ingemie after next January's SIA show in Denver, Colorado. Sargent has spent 12 years at Burton Snowboards, cultivating relationships with big companies such as 3M, Fox Sports, Garmin and ...
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News briefs
Replacing Frank Hugelmeyer, who resigned last year, Amy Roberts, director...
Replacing Frank Hugelmeyer, who resigned last year, Amy Roberts, director of sustainability at Mountain Equipment Co-op (MEC), has been appointed as new executive director of the Outdoor Industry Association (OIA) of the U.S.. While guiding the Canadian outdoor retailer's commitment to business and product sustainability, Roberts serves on the boards ...
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News briefs
A Paris court ordered Nike and an events company to...
A Paris court ordered Nike and an events company to pay €67,500 in damages to an a sculptor, Jean Cardot, who complained about the treatment of his statue of Winston Churchill. The Swoosh draped it with an oversized Tony Parker jersey in 2011, after the French basketball team qualified for ...
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News briefs
Garmin's first generation of SideVü sonar products infringes a patent...
Garmin's first generation of SideVü sonar products infringes a patent on a Johnson Outdoors side scan sonar used in certain Humminbird fishfinders, according to an initial determination by an administrative law judge at the International Trade Commission (ITC). The ruling is subject to review by the ITC. The judge determined ...
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News briefs
Skechers has announced it has filed a law suit against...
Skechers has announced it has filed a law suit against Steve Madden for copyright infringement. The shoe style in question is Steven by Steve Madden's Setta shoe, which allegedly infringes on the Skechers Go Walk and other Skechers product lines. In the lawsuit, which was filed in the U.S. District ...
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News briefs
Polartec and Pontetorto have announced an amicable settlement of a...
Polartec and Pontetorto have announced an amicable settlement of a lawsuit that the Italian company had filed in a German court over alleged infringement of certain intellectual property rights. The two companies say they have found more common ground than differences. They have decided to collaborate in order to develop ...
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News briefs
Nike has settled out of court the lawsuit it launched...
Nike has settled out of court the lawsuit it launched last December against three former designers who have moved to Adidas to run a new creative design studio in Brooklyn. Reportedly, the agreement was reached quite suddenly. The suit charged that the three former Nike officials - Denis Dekovic, Marc ...
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News briefs
Frank Hugelmeyer, who left the Outdoor Industry Association (OIA) last...
Frank Hugelmeyer, who left the Outdoor Industry Association (OIA) last year after four years as president and chief executive, is to become the next president of the Recreation Vehicle Industry Association (RVIA). He will become president-elect on July 13 and formally start at the beginning of October when Richard Coon ...
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News briefs
Like in other countries, women are in focus in the...
Like in other countries, women are in focus in the country down under. The Australian Sporting Goods Association (ASGA) has announced a new project worth 140,000 Australian dollars (€98,051-$106,918) to study trends in women's activewear, consumer sentiment in the category and its future. The project will take about nine months. ...
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News briefs
A lawsuit that accused Lululemon of defrauding shareholders by not...
A lawsuit that accused Lululemon of defrauding shareholders by not revealing a product issue with Luon yoga pants has been dismissed, Reuters reports. The case focused on problems that caused Luon yoga pants to become see-through, causing a costly recall in March 2013. An appeals court in Manhattan ruled earlier ...
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News briefs
After three years of negotiations, the People's Republic of China...
After three years of negotiations, the People's Republic of China and South Korea have signed a free trade agreement (FTA) intended to remove most import tariffs on each other's products within the next 20 years, subject to parliamentary approval. China is the biggest trading partner for Korea and vice versa. ...
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News briefs
The Correctional Court of Bayonne has ordered Volcom's European subsidiary...
The Correctional Court of Bayonne has ordered Volcom's European subsidiary in nearby Anglet to pay fine of €150,000 for evasion of French taxes in 2008 and 2009. A spokesman for Kering, which acquired the American boardsports brand in 2011, said it will pay the fine although the offense occurred prior ...
