Steve Madden Sues Adidas to Thwart Challenges to Shoe Designs

The Adidas logo is pictured during celebrations for German sports apparel maker Adidas' 70th anniversary at the company's headquarters in Herzogenaurach, Germany, August 9, 2019. (Reuters)
The Adidas logo is pictured during celebrations for German sports apparel maker Adidas' 70th anniversary at the company's headquarters in Herzogenaurach, Germany, August 9, 2019. (Reuters)
TT

Steve Madden Sues Adidas to Thwart Challenges to Shoe Designs

The Adidas logo is pictured during celebrations for German sports apparel maker Adidas' 70th anniversary at the company's headquarters in Herzogenaurach, Germany, August 9, 2019. (Reuters)
The Adidas logo is pictured during celebrations for German sports apparel maker Adidas' 70th anniversary at the company's headquarters in Herzogenaurach, Germany, August 9, 2019. (Reuters)

Adidas, known for shoes with three parallel stripes, was sued on Wednesday by Steven Madden over its alleged effort to stop the American shoe company from selling fashion sneakers with two non-parallel bands.

In a complaint filed in federal court in Brooklyn, New York, Steve Madden, as the company is often known, said it has grown "tired" of Adidas' decades of complaints about footwear whose designs bear no resemblance to its three-stripe design.

These allegedly include objections to two Steve Madden sneakers launched this year: Viento, which has two bands, and Janos, whose two bands resemble the letter K, Reuters said.

Steve Madden said Adidas' lawyers have demanded that Viento sales be halted because the design would likely confuse consumers, and signaled to the US Patent and Trademark Office it may formally challenge the Janos design.

"The use of band designs on footwear is ubiquitous in the fashion industry," Steve Madden said. "Simply put, Adidas does not own all stripes and should not be allowed to claim that it has a monopoly on all footwear that includes stripes, bars, bands or any shape having four sides—parallel, straight or not."

Adidas did not immediately respond to requests for comment outside business hours.

Like some shoe companies including Nike, Adidas sometimes turns to US courts and agencies to stop rivals from selling products it considers knockoffs.

Steve Madden, based in Long Island City, New York, said Adidas sued it twice in 2002 to challenge footwear with two parallel stripes and four parallel stripes, leading to a confidential settlement the next year.

The latest dispute does not arise from that accord.

Wednesday's lawsuit seeks a judgment that the Viento and Janos designs do not infringe Adidas' trademarks or three-stripe design, allowing Steve Madden to continue sales.

The case is Steven Madden Ltd v Adidas AG et al, US District Court, Eastern District of New York, No. 25-02847.



Cartier-Owner Richemont’s Jewellery Sales Boom Boosts Q1 Sales

The Cartier store in New York City, US July 7, 2026. (Reuters)
The Cartier store in New York City, US July 7, 2026. (Reuters)
TT

Cartier-Owner Richemont’s Jewellery Sales Boom Boosts Q1 Sales

The Cartier store in New York City, US July 7, 2026. (Reuters)
The Cartier store in New York City, US July 7, 2026. (Reuters)

Cartier jewellery owner Richemont reported better-than expected results for its first quarter on Wednesday, helped by booming growth in Asia and the Americas.

The company, which also owns Swiss watch brands Piaget and IWC, said its sales rose ‌by 20% ‌when measured in ‌constant currencies ⁠to €6.33 billion ($7.24 billion) ⁠in the three months to the end of June.

The figure beat analyst forecasts for €5.90 billion in a consensus compiled by Visible Alpha.

The growth was driven ⁠by the company's jewellery ‌business, which also ‌includes Van Cleef & Arpels, Buccellati and ‌Vhernier, where sales rose by 24%, ‌much better than the 11.5% rate expected by analysts.

Specialist watchmakers also increased their sales by 8% during the ‌period.

Regionally, Richemont continued to show strong growth in ⁠the Americas ⁠and Asia regions during the April to June period.

Sales in the Americas region increased by 27% up from the 18% growth rate in the previous three months, while the Asia/Pacific sales - which include China - increased by 21% compared with a growth rate of 14% previously.


Olivier Rousteing New Artistic Director at Paco Rabanne

Balmain's fashion designer Olivier Rousteing acknowledges the audience at the end of his ready-to-wear Fall-Winter 2024/2025 collection show as part of the Paris Fashion Week, at the Grande halle de la Villette in Paris on January 20, 2024. (AFP)
Balmain's fashion designer Olivier Rousteing acknowledges the audience at the end of his ready-to-wear Fall-Winter 2024/2025 collection show as part of the Paris Fashion Week, at the Grande halle de la Villette in Paris on January 20, 2024. (AFP)
TT

Olivier Rousteing New Artistic Director at Paco Rabanne

Balmain's fashion designer Olivier Rousteing acknowledges the audience at the end of his ready-to-wear Fall-Winter 2024/2025 collection show as part of the Paris Fashion Week, at the Grande halle de la Villette in Paris on January 20, 2024. (AFP)
Balmain's fashion designer Olivier Rousteing acknowledges the audience at the end of his ready-to-wear Fall-Winter 2024/2025 collection show as part of the Paris Fashion Week, at the Grande halle de la Villette in Paris on January 20, 2024. (AFP)

French designer Olivier Rousteing has been appointed creative director of Paco Rabanne, the Spanish luxury fashion house announced Tuesday.

"Rabanne is delighted to welcome Olivier Rousteing as the house's new creative director. His first collection will be presented in March 2027," the brand said in a post on Instagram.

Rousteing made his own social media pronouncement, showing a screenshot of messages exchanged with his mother, in which he confirmed his appointment, accompanied by the comment in English: "Let the journey begin".

"Joining Rabanne is a tremendous honor. This is a house that has always challenged convention, transforming bold ideas into creations that have shaped fashion history."

Rousteing saluted "the remarkable creative legacy" which he said predecessor Julien Dossena was leaving behind.

"For me, fashion is about emotion, identity, and the confidence to express who we truly are. That belief feels deeply connected to Paco Rabanne and his enduring vision of freedom and individuality," said Rousteing.

Dossena stepped down as Rabanne's creative director in June after 13 years at the helm.

Rousteing, who had been in charge of Balmain's collections for nearly 15 years, left the French brand in November 2025.

In recent weeks, he had posted social media messages indicating that he had been taking care of his health in recent months and now felt ready for a new challenge.

Known for his glamour and pop designs, he has some 10 million followers on Instagram and has sought to make luxury fashion more accessible to young fans.

In 2015, he notably designed a collection for a collaboration between Balmain and H&M. In 2022, Jean-Paul Gaultier entrusted him with the creative direction of one of his collections.

In May, he designed the dress which singer Beyonce wore for the Met Gala in New York.


Watches of Switzerland Sees Robust US Demand, Signs of UK Recovery

Rolex watches are displayed at a store in New York City, US, April 8, 2025. (Reuters)
Rolex watches are displayed at a store in New York City, US, April 8, 2025. (Reuters)
TT

Watches of Switzerland Sees Robust US Demand, Signs of UK Recovery

Rolex watches are displayed at a store in New York City, US, April 8, 2025. (Reuters)
Rolex watches are displayed at a store in New York City, US, April 8, 2025. (Reuters)

Luxury retailer Watches of Switzerland said on Tuesday that strong US demand had carried into its new financial year, while the UK market showed encouraging signs of improvement, after annual sales and ‌profit exceeded expectations. 

The ‌seller of Rolex and TAG Heuer ‌watches ⁠has benefited from affluent ⁠US consumers snapping up luxury timepieces amid a stock market boom. Its limited direct exposure to the Middle East and tourist shoppers also helped shield it from a slowdown in travel spending. 

Reuters reported on Monday, citing people familiar with the matter, that the company ⁠had held talks with potential bidders, as ‌it believes the stock ‌market undervalues the company despite its performance. 

Shares in Watches of ‌Switzerland were marginally lower on Tuesday after having risen ‌to their highest level since July 2023 on Monday following the report. 

Watches of Switzerland reported adjusted operating profit of £155 million ($207 million) on sales of £1.83 billion for the year ‌ended May 3, 2026, above company-compiled analyst expectations of £148.4 million in profit on revenue ⁠of £1.78 billion. 

The ⁠retailer, which operates in the United States, Britain and Europe, said that the US offered significant potential for further growth and market share gains after the region posted 24% sales growth and accounted for more than 50% of total group revenue. 

The company stuck to its outlook for fiscal year 2027 and said that it plans to focus on showrooms investments and selective acquisitions in the US in the mid-term, as brands increasingly consolidate towards fewer, higher-quality stores.