Cyclewear Clash: Assos vs Asos Heats Up in Epic Legal Battle—Who Will Pedal to Victory?
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Drama Alert! The epic showdown between cycling apparel icon Assos and fast-fashion colossus Asos just got juicier! Hold onto your helmets because Assos is back in the courtroom, battling against the British fashion behemoth with fresh legal firepower. This thrilling chapter unfolds as the Swiss innovators in premium cycling gear file a breach of contract claim, naming none other than Asos Plc, Asos.com, and Asos France as the legal foes.
But wait, there's history here! Back in the day, Assos scored a victory that rocked the fashion courts, blocking Asos from using its brand name in Switzerland due to possible name confusion. Oh, the drama! And if you think that's riveting, check out this juicy throwback: Assos Triumphs Over ASOS Name Usage in Switzerland.
But the plot twists don't end there. In a legendary settlement saga, Asos agreed to a whopping £20.2m payout to Assos and German retailer Anson's Herrenhaus back in 2016. The deal? Peaceful coexistence in the fashion universe, with Asos given the green light to dive into athleisurewear but banned from peddling cyclewear and setting up shop in Germany (Thanks, Guardian).
Founded in 1976 by Tony Maier-Moussa and steered by the Maier family for decades, Assos set its roots in cycling apparel history. But in a twist of fate, 2015 saw it transition into the hands of private equity firm TZP Group.
Get ready for the next episode, because the fashion showdown of the century is far from over! Stay plugged in for the latest revelations and courtroom drama—a tale unfolding in the name of fashion and legacy.