News briefs – Page 54
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News briefs
Chinese sporting goods suppliers were encouraged by a new national...
Chinese sporting goods suppliers were encouraged by a new national plan that aims to strongly stimulate the country's sports industry at large. The State Council was quoted as saying that it wanted to raise the value of the industry to 5 trillion yuan (€645bn-$820bn) by 2025. It would then reach about ...
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News briefs
USA Swimming has suspended Michael Phelps from competitions until April...
USA Swimming has suspended Michael Phelps from competitions until April 6, 2016. The winner of 22 Olympic medals will no longer get his monthly stipend and will be banned from representing the U.S. at the FINA World Swimming Championships in August 2015. The reason for the measure is his arrest ...
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News briefs
Almost 6,500 pairs of counterfeit Nike and Converse sports shoes...
Almost 6,500 pairs of counterfeit Nike and Converse sports shoes were seized at the Puces de Saint-Ouen flea market, in the north of Paris, at the beginning of October. In addition to the 6,270 pairs of fake Nike and 150 pairs of fake Converse the police, accompanied by two employees ...
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News briefs
Shimano has signed an agreement with the European Cyclists' Federation...
Shimano has signed an agreement with the European Cyclists' Federation (ECF) to join the ECF Cycling Industry Club. Shimano has become the fifth company to sign up to the Club since Eurobike. The Cycling Industry Club was founded at Eurobike in 2011 to improve cycling advocacy. It now has more ...
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News briefs
Investors who bought shares in GoPro after it went public...
Investors who bought shares in GoPro after it went public in June are questioning the release by J.P. Morgan of 5.82 million shares from a lock-up restriction. The shares have been gifted by the action camera maker's founders, Nicholas and Jill Woodmann, to a charitable foundation with effect from Oct. ...
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News briefs
The French sporting goods industry federation, Fifas, and the French...
The French sporting goods industry federation, Fifas, and the French Cycling Council have appointed a new executive director, Virgile Caillet, to take the place of Catherine Trachtenberg who has held the job for 11 years. She will leave at the end of this year to ensure a smooth transition. The ...
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News briefs
The Federation of the European Sporting Goods Industry (Fesi) is...
The Federation of the European Sporting Goods Industry (Fesi) is going to ask the European Union and the member governments to help fund national programs to encourage youth to practice sports along the lines of “Dote in Movimento,”a project that has been successfully led by the Italian sporting goods industry ...
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News briefs
Ultrasonic, a Chinese company quoted on the Frankfurt Stock Exchange...
Ultrasonic, a Chinese company quoted on the Frankfurt Stock Exchange that makes sandals, slippers and shoe soles for Anta Sports Products and Xtep and runs 110 stores in China, is without its top managers, who have reportedly left the company with a lot of company money. The two managers, Quingyong ...
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News briefs
After 260 years of exclusion, women will be allowed to...
After 260 years of exclusion, women will be allowed to join the Royal and Ancient Golf Club of St Andrews in Scotland after an overwhelming members' vote on Sept. 18 opened the doors to the famous St Andrews clubhouse. Helen Grant, Britain's Minister for Sport, was among the first to ...
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News briefs
Crocs has been sued by U.S.A. Dawgs, a family-owned company...
Crocs has been sued by U.S.A. Dawgs, a family-owned company in Las Vegas that has been making clogs with EVA soles since 2006. Requesting a jury trial on the issue, the anti-trust complaint alleges that Crocs has been misleading consumers for more than a decade into believing that its “Croslite” ...
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News briefs
The trial of Chris Ronnie, former chief executive of the...
The trial of Chris Ronnie, former chief executive of the new defunct JJB Sports chain, was set to begin this week at Southwark Crown Court in London. He is charged with a £1 million fraud. A former supplier of JJB and a business partner of Ronnie are also charged in ...
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News briefs
The European Commission has sent out a formal letter to...
The European Commission has sent out a formal letter to Slovenia's Ministry of Finance regarding the recovery of €10 million in state aid given to Elan. The letter is apparently requesting an urgent update on the steps that the Slovenian government is taking to obtain the reimbursement of the alleged ...
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News briefs
The European Commission has started an investigation into the possible...
The European Commission has started an investigation into the possible circumvention of its anti-dumping duties on bicycles originating in Mainland China through transshipments or assembly operations in Cambodia, the Philippines and Pakistan. It reacted to a request made by the European Bicycle Manufacturers Association (EBMA) in behalf of 15 companies ...
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News briefs
The Federation of the European Sporting Goods Industry (Fesi) put...
The Federation of the European Sporting Goods Industry (Fesi) put out a statement today welcoming the European Commission's proposal to remove import duties for most products originating from the Philippines, and calling for its swift approval by the European Parliament and the member states of the European Union. The removal ...
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News briefs
A top executive of Hummel is playing down a report...
A top executive of Hummel is playing down a report about an investigation by the Danish Competition Authority into allegations that it has been hindering free price competition in the Danish market. According to the official, the investigation follows a request made by a salesman of the company to a ...
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News briefs
Puma will not comment on reports that the Chilean football...
Puma will not comment on reports that the Chilean football federation (ANFP) has lodged a suit against the German company, asking to rescind its sponsorship contract with the national football team, which normally runs until July 2015. This would prevent Puma from acting as official supplier of the team during ...
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News briefs
The board of directors of the European Federation of the...
The board of directors of the European Federation of the Sporting Goods Industry (Fesi) has unanimously elected Luca Businaro as its new president until October 2016, taking the place of Bruno Alves who has left Nike to join the European Commission in Brussels. Businaro was recently re-elected as president of ...
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News briefs
A Munich court has confirmed a preliminary injunction against Real,...
A Munich court has confirmed a preliminary injunction against Real, the food chain owned by Metro AG, which sold shirts and other items displaying an eagle that was apparently too similar to the one used by DFB, the German football federation. The court ruled that the eagle featured on Real's football fan ...
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News briefs
Lynx Golf has taken action to stop the sale of...
Lynx Golf has taken action to stop the sale of counterfeit products by a U.K.-based golf distributor. Fake Lynx products were discovered for sale on eBay and Lynx' legal team tracked down the distributor. The company agreed an out of court settlement after the distributor acted quickly to shut down ...
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News briefs
Luca Bettini, chief executive of Tecnocomponenti, has been elected president...
Luca Bettini, chief executive of Tecnocomponenti, has been elected president of Assofitness, the fitness section of Assosport, Italy's sporting goods industry association. He takes the place of the outgoing president, Deolo Falcone, for the next two years. One of its goals is to stimulate the internationalization of the sector, organizing ...
