CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Hermés International S.A. reportedly settled the lawsuit that was filed by Skechers USA Inc. against it over patent rights. The footwear company sued the French luxury fashion house last year after claiming that the former’s Eclair and Envol premium sneakers infringed two of the design patents of its shoe soles.
Skechers said that the soles of the said Hermés shoes were very similar to its “Massage Fit” soles and “Go Walk” walking shoes. The company said the similarities are considerable, and it requested an unspecified amount of cash compensation for damages when it filed the lawsuit at the Manhattan federal court last year.
Reuters reported that this week, Hermès finally settled the case in New York. The French firm and Skechers were said to have signed an agreement, but the content of the deal remained confidential. The two companies were contacted for comments and additional details regarding the settlement, but they did not immediately respond to the requests.
It was said that Hermes did not respond in court when Skechers sued it in October 2022. Prior to this lawsuit, the sneaker manufacturer already filed similar cases against other major brands, such as Reebok, Steve Madden, and Fila. The complaints against them were the same and related to Skechers’ “Go Walk” sole design patents. These lawsuits were also settled later.
“Skechers invests tremendous resources into research and development to introduce fresh, unique, and exciting footwear technology to its customers year in and year out,” the spokesperson of Skechers said in a statement when they first filed the suit against Hermes last year. “It is disappointing that a company of Hermès’ reputation and standing has chosen to copy and infringe Skechers’ patented designs. While Skechers always prefers to compete in the marketplace rather than the courtroom, the Company has no choice but to seek legal recourse when competitors blatantly tread on our rights.”
Photo by: Olena Kamenetska/Unsplash
