December 12, 2023 SFIA: Tariff Relief Unlikely, but De Minimis Reform is Coming
The trend of all talk and no action continues on Capitol Hill around GSP and MTB renewal, while bills are lining up to rein in abuse of de minimis shipments, SFIA Legal Task Force member David Cohen shared in the industry group’s “Tariff Relief in 2024: Lowering Cost of Getting Imported Goods to Market” webinar. Li Ning Plans New Headquarters, Share Buyback
The Chinese sportswear brand is pledging a share buyback of up to HK $3 billion ($385 mm) over the next six months, after its stock price has fallen over 70% this year. Samsonite Outlook Positive, S&P Global Says
The parent company of Gregory Mountain Products, High Sierra, Xtrem and other bag brands scored an outlook revision to positive from stable, while S&P affirmed its BB issuer credit rating. Adidas and Thom Browne Fight Over New Trial
The contentious legal battle between The Big a and Thom Browne is heading back to court in the trademark infringement suit over the designer’s use of stripes to determine if a new trial is warranted. Vista Outdoor Deal Clears Antitrust Scrutiny
VSTO’s sale of its sporting products (ammo) business to Czechoslovak Group a.s. is through its Hart Scott Rodino antitrust waiting period, clearing the first regulatory hurdle that could prevent the acquisition. Etcetera: Shoes That Fit, Nike, Globe, Continental, Dick’s SG, Fleet Feet, Puma
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