All Legal articles – Page 40
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Article
Global talks on a digital tax prolonged to 2021
The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working toward an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...
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News briefs
Goat.com is barred from selling clothing
A New York federal judge has granted a preliminary injunction against the Goat Group in response to a complaint by Goat Fashion, a London-based label of women’s and children’s clothing founded in 2001, asking it to stop selling apparel on its sneaker-focused marketplace. The court agreed that consumer confusion about ...
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Article
Google ready for new concessions to take over Fitbit
Google has agreed to allow other makers of wearables to easily connect to its Android platform and its application programming interface (API) as a new condition for the European Commission’s anti-trust body’s endorsement of its planned $2.1 billion acquisition of Fitbit, according to Reuters. According to Bloomberg, it has also ...
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ArticleCall for a Covid-19 sports recovery fund in the U.K.
The Outdoor Industries Association (OIA) reports that leaders of more than a hundred sports and exercise institutions in the U.K. have sent a letter to Prime Minister Boris Johnson urging him to reserve funds for the rehabilitation of the sports and physical activity sector - or risk fueling lack of ...
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News briefs
Record golf memberships in the U.K.
The number of commercial golf courses and driving ranges affiliated with the UK Golf Federation (UKGF) has reached 936, after breaking the threshold of 900 this summer. The federation offers its members 13 “business support services” free of charge as well as a reservation service for venues and courses through ...
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News briefs
Stefan Herzog becomes president at VDS
Stefan Herzog, who has been secretary general of the German sporting goods retailers’ federation (VDS) since 2018 and president since last spring of Fedas, the European umbrella organization of the specialist sports retail trade, has moved to the top of the German association. He was appointed as VDS’ new president ...
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News briefs
Fesi co-signs joint-letters on the Digital Services Act
On Sept. 22, the European Federation of the Sporting Goods Industry (Fesi) signed two joint letters with key industry associations and brands in view of the future publication by the European Union of its planned Digital Services Act. The proposal, expected to be approved by the end of the year, ...
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News briefs
X-Technology Swiss loses its H-Dry trademark
The European Union Intellectual Property Office (EUIPO) has ruled against X-Technology Swiss of Zurich, revoking its trademark for the H-Dry brand name and related rights retroactively to the start of the legal dispute in December 2018. In reaction, Matteo Morlacchi – chief executive of the plaintiff, Luxembourg srl, and of ...
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Article
Importers may have to pay more to bring bicycles into Russia
Mandatory tagging of bicycles in Russia may oblige some importers to pay higher import duties, according to sources, normalizing the market in similar ways as the mandatory tagging program recently introduced for footwear. In Russia, bicycles are subject to a 10 percent import duty, but some importers of Chinese products ...
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Article
The Norwegian retail merger can go through
The Norwegian Competition Authority has announced its endorsement of the proposed business combination between Gresvig, the Norwegian licensee of Intersport, and Sport 1 Gruppen. The two new partners are the largest sports retailers in the country after XXL Sport. As planned, they will form a new common entity, called Sport ...
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News briefs
Germany to admit foreign participants in trade fairs
Foreign visitors are expected to be able to attend the next Ispo Munich show, scheduled for Jan. 31 to Feb. 3.The government of Germany has decided to grant entry into its territory – even from outside the EU, the Schengen area or Germany’s list of approved countries – to foreign ...
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News briefs
Policy Hub convenes to set the European agenda for EPR
On Sept. 2, the Policy Hub – consisting of stakeholders in six major industry associations (Fesi among them) as well as interested organizations and three apparel and footwear companies – conducted a virtual workshop on what the EU is calling extended producer responsibility (EPR). The chief topics were administrative transparency, ...
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ArticleAmazon: The Janus-faced company
The current Covid19 crisis has accelerated Amazon’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon announced ...
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Article
Two prominent Adidas executives quit
Two prominent U.S.-based Adidas executives are leaving at the same time, but an official of the company says the two events are completely unrelated. Jon Wexler, a 20-year veteran of the company who has been leading its Yeezy business unit since last November as vice president and general manager, left ...
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ArticleNorwegian sports retail merger is challenged by the national anti-trust authority
Gresvig’s merger with the Sport 1 retail group, which was announced at the end of February, is being questioned by the Norwegian Competition Authority. The body has given the parties in the deal 15 days to respond to an official warning of a possible investigation, indicating that it plans to ...
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News briefsMarkus Wolf is the new president of Switzerland’s SPAF
On the occasion of the second SportBusinessNetworkDay in Lenzburg, the two Swiss sporting goods associations, ASMAS (Association of Swiss Sporting Goods Retailers) and SPAF (Association of Swiss Sporting Goods Suppliers), held their general meetings. Markus Wolf was elected as the new president of SPAF as Guido Mätzler retired after 30 ...
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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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ArticleFESI welcomes entry into force of FTA between EU and Vietnam
The Federation of the European Sporting Goods Industry (FESI) is welcoming the long-awaited formal entry into the Free Trade Agreement between the European Union and Vietnam (EVFTA) on Aug. 1. After more than eight years of negotiations, the EU and Vietnam will finally benefit from a free trade agreement that ...
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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 ...
