Ropes & Gray mergers and acquisitions partner Jane Goldstein led the team that advised Adidas Group in the sale of its Rockport shoe business for $280 million to a new entity formed by New Balance and Berkshire Partners. The deal is scheduled to close later this year.
Shoemakers better start paying attention to the accuracy of the claims they make about their shoes because consumers are taking them very seriously.
Big things are afoot in Portland, Ore. Athletic merchandise giant Adidas AG filed a lawsuit this week in federal court seeking to stop a skateboarding equipment maker and regional sporting goods retail chain from selling shoes allegedly too similar in design to its own.