Bags / Shoes & Accessories

Adidas sues dozens of websites for selling counterfeit Yeezy and Reebok sneakers

WWD learned that Adidas, a German sportswear group, filed counterfeit and infringement lawsuits against dozens of websites in the Federal Court of Florida.

It is understood that Adidas said, “These websites are suspected of selling counterfeit Yeezy and Reebok sneakers. At the same time, their sales products include the word ‘adidas’, deliberately misleading consumers.”

In addition, the company reiterated its ownership of its identifiable trademark symbols.

The stock price of Dongdong Shoes has soared 267% in the past year, surpassing Apple and Tesla

Crocs, the maker of "hole shoes", has seen its stock price rise more than that of well-known companies such as Apple and Tesla in the past year. Some experts believe that this stock has more room to rise. This company was founded in 2002. The company has sold more than 700 million pairs of shoes in more than 90 countries and regions around the world, and is one of the top ten non-sports footwear brands in the world.

In the past year, the company's stock price has soared by 266.9%. In contrast, Apple and Tesla's stock prices have risen by 58.1% and 114.6%, respectively.

Gina Sanchez, chief market strategist at Lido Advisors, believes that the shoe retailer's stock price may have more upside.

Sanchez said: "Compared with other retailers, especially shoe retailers, they are very cheap. They expect a lot of growth, and this growth has not yet been reflected in the stock price."

Aokang Footwear Employee Stock Ownership Plan in 2021

On July 23, Zhejiang Aokang Footwear Co., Ltd. issued an announcement:

According to the verification results of the actual subscription and final payment of the company's 2021 employee stock ownership plan, 80 employees participated in the company's 2021 employee stock ownership plan, and the total final subscription fund paid was 90,968,655 yuan, and the number of subscription shares was 18,193,731 share. The source of the stock is the company's repurchase of shares in a special securities account. The holders of this employee stock ownership plan will receive the company's repurchase price at 5.00 yuan per share.

On July 22, 2021, the company received the "Transfer Registration Confirmation Letter" issued by China Securities Depository and Clearing Co., Ltd., confirming that the company’s 18,193,731 shares held by the company’s repurchase of special securities accounts were approved on July 21, 2021 Non-trading transfer to 2021 employee stock ownership plan account (account name Zhejiang Aokang Footwear Co., Ltd. 2021 employee stock ownership plan).

As of the date of this announcement, the number of company shares held by the company's 2021 employee stock ownership plan is 18,193,731 shares, accounting for 4.54% of the company's total share capital.