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 […]

Michael Kors has announced they will be cutting back on sales of their handbags and accessories to retailers in North America as they try and preserve their luxury identity. The brand has faced a number of challenges over the past months as it struggles to retain its position as a luxury brand. However, […]

On Tuesday morning, Stephen M. Ross, founder and chairman of Related Companies, had plenty of reason to celebrate. The 52-story development at Hudson Yards had finally opened, welcoming Coach as a tenant. “Sometimes the vision can end up being different from the reality, but this is truly great,” 76-year-old […]

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 […]

Tailored Brands, formerly known as Men's Wearhouse, has announced they will no longer be selling any Joseph Abboud labeled products at Jos. A. Bank stores. Instead, they will be restricting the sale of Joseph Abboud products to Men's Wearhouse and Joseph Abboud brick-and-mortar locations and online. […]

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 […]

Sweating workers in stiflingly hot factories, making shoes by hand could soon be a thing of the past. At least according to German sports company Adidas. Flexibility, automation and speed is key when making the new sports shoe of the future. With its groundbreaking new Speedfactory, the sportswear giant […]




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