ADIDAS SUES THOM BROWNE FOR USE STRIPES

The German sporting goods giant has filed a lawsuit against Tom Browne, who began offering spots-style shoes and clothing with two, three or four parallel stripes that confusingly resemble the three-stripe brand, namely Adidas. The company is asking a New York court to “permanently order Tom Browne to stop distributing, marketing or selling clothing and footwear using imitations of the Adidas Three-Stripe Mark.” He also seeks monetary compensation and a waiver of all profits from the sale of the alleged infringing sportswear.

Adidas Three-Stripe Mark срещу Том Браун.

Photo: Adidas Three-Stripe Mark vs Tom Browne
Photo and Source: https://fashionunited.com/news/business/adidas-sues-thom-browne-for-use-of-stripes/2021063040729

Read: 1038 times © Fashion Lifestyle Magazine, issue 113, July 2021

JD SPORTS FASHION SAYS SEEN HIGHER FY ADJUSTED PRE-TAX PROFIT

The British company is set to provide adjusted profit before taxes for the whole year at an increased level of no less than 550 million pounds. The Group said its forecast reflects the risk of further temporary store closures and the potential payment of state support for wage costs this year.
JD Sports has about 3,300 stores in 29 countries since the acquisition of DTLR Villa LLC in the United States and Marketing Investment Group SA in Central Europe this year, but has stores temporarily closed in the Asia-Pacific region.
The Group intends to divide the current role of Executive Chairman and CEO before the next Annual General Meeting and the comprehensive process will begin shortly.

JD Sports

Photo: https://content.internetretailing.net/AcuCustom/Sitename/DAM/027/jdplc.png
Source: https://fashionunited.com/news/business/jd-sports-fashion-says-sees-higher-fy-adjusted-pre-tax-profit/2021070140775

Read: 1038 times © Fashion Lifestyle Magazine, issue 113, July 2021

RICHEMONT BUYS DELVAUX AND HIS FAMOUS LEATHER BAGS

Swiss luxury giant Richemont has bought Delvaux, an iconic leather goods company founded in Brussels two centuries ago and considered the inventor of the leather bag, but the exact amount is not specified. The company, registered in Zurich, receives more than half of its sales from jewelry and is the parent company of Cartier and Van Cleef & Arpels.
The reason for the sale is that Delvaux has suffered from the effects of the 2020 coronavirus pandemic in particular the restrictions that have stopped visits by Chinese tourist who big part of their products. According to the Belgian newspaper L’Echo its sales have decreased by anout 40% compared to the period before Covid-19.

Delvaux