Alibaba's founder Jack Ma has said the New York-listed Chinese e-commerce giant is "actively assisting" an investigation into its accounting by the US stock market regulator, China's state news agency reported Friday. In an interview with Xinhua Thursday, Ma said that Alibaba has provided requested […]

Snapchat has a new algorithm in the works, one that could act as a gatekeeper between publishers and brands. Currently, the way Snapchat is set up allows users to see all messages from accounts they follow in chronological order, but a new algorithm would allow Snapchat to act as a curator of content […]

Adidas announced on Friday, they are entering an agreement to sell U.S. sportswear clothing like Mitchell & Ness to a newly formed group owned by Juggernaut Capital Partners. While terms of the deal are not being disclosed, Adidas said the deal should close by the end of second quarter. As a result […]

The luxury market may be less buoyant this year, as analysts are cutting growth forecasts for the luxury goods due to a fall in international tourism. The Italian luxury goods producers' foundation Altagamma said Tuesday that 27 surveyed analysts lowered their consensus forecast for Europe to 2 percent […]

Under Armour has found a quick formula for growth, go back to school.The sports brand has inked a 15 year deal with the University of California, Los Angeles to outfit their 25 men's and women's varsity teams. This marks the largest apparel deal in NCAA history. Beginning July 2017, Under Armour will […]

The US stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document showed. Alibaba said in a regulatory filing that the Securities and Exchange Commission had opened the probe "into whether there have been any violations of the […]

Los Angeles - Casualwear brand XCVI recently just acquired a new label. The chic womenswear brand just acquired Oregon-based label Agave Denim. In the acquisition, XCVI will be taking over a lot of Agave’s departments. According to WWD, under the new ownership, XCVI will be in charge of Agave’s manufacturing, […]

If for some reason you thought a 15 dollar top is worth credit card debt, there is good news for you. Forever 21 has teamed up with Alliance Data Systems to launch its own credit service. “As we continue the rapid pace of our growth, we’re confident this new credit and loyalty program will be a key […]

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