August 02, 2024 BasicNet Profit Slips in First Half
Net income at the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands dropped 62% to €2.8 million ($3.0 mm) as aggregate brand revenues reached €543.7 million for the six months ended June 30. Court Finalizes Thom Browne’s Victory Over Adidas
A NY federal judge reconfirmed an earlier May ruling which denied Adidas’ motion for a new trial and ruled Thom Browne’s use of four-bar stripes on its activewear was not infringing on The Big a’s three-stripe mark. Lontex’s Nike Verdict Survives Appeal, but No Profit Disgorgement
The PA-based compression wear maker’s infringement win over Nike’s use of “Cool Compression” was upheld on appeal, along with the jury’s determination that it was owed treble damages. Etcetera: Allbirds, Hanesbrands
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