Chinese Internet giant Alibaba will pay 266 million US dollars for Hong Kong's South China Morning Post, the newspaper said Monday, far higher than analysts' estimates in a deal that has sparked fears the paper will lose its independent voice. The business had been valued at half that amount, and some […]

Chinese internet giant Alibaba said Friday it would buy Hong Kong's South China Morning Post, following weeks of speculation over the future of the English-language newspaper. "(Alibaba) has entered into a definite agreement to acquire the South China Morning Post (SCMP) and other media assets of SCMP […]

The Los Angeles-based company has been in turmoil for quite some time now. With bankruptcy files, new chief executive officers, and underperforming sales; it’s needless to say that American Apparel has gone through a lot. However, in recent developments, the company is still aiming for a turnaround […]

California-based retailer Quiksilver has been working on putting a reorganization plan in motion. The surfwear and action sports brand has a hearing set for January 27 in U.S. bankruptcy court. The reorganization plan is now up to creditors to decide before mid-January, according to WWD. The company […]

UPDATEFollowing months of accusations and legal processions involving Isabel Marant an indigenous tribe from Santa Maria Tlahuitoltepec, Mexico and fashion house Antik Batik over the use of a motif, a court in Paris has ruled in the French designer's favour. The ruling comes after the Mixe community […]

Chanel has found themselves in hot water over accusations of plagiarism. The iconic luxury label is being accused by Scottish knitwear designer Mati Ventrillon of copying her Fair Isle knitwear pieces for their recent Metier d'Art collection, which debuted in Rome last week. Ventrillon's personal Instagram […]

Asics has announced it's ending their 25 year sponsorship of the TCS New York City Marathon after the 2016 race. The athletic retailer will be replaced by their competitor New Balance. The move was called a "strategic business decision" in a statement by Gene McCarthy, the newly instated president and […]

Gap was once seen as the ultimate American brand for fashion basics, but over the years the US retailer has struggled to hold consumer interest as attention for its denim jeans and fleece pullover waned. Now with increasing competition from fast-fashion retailers, Gap's popularity is fading fast and […]

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