Gucci Leaves International Anti-Counterfeiting Coalition After Alibaba Joins

Business

As Chinese e-commerce giant Alibaba eyes to expand its global footprint, it is creating a few ripples and waves along the way. After Alibaba was accepted in the International Anti-Counterfeiting Coalition, a Washington DC, US based organisation, Gucci America decided to leave the coalition. Michael Kors left the coalition last month itself and said Alibaba is the most dangerous and damaging adversary of international fashion brands.

Gucci Brand Logo Photo valuewalk

Alibaba was accepted under a special category where they do not get any leadership roles and they cannot vote either. Gucci has already filed a lawsuit against Alibaba in New Court alleging Alibaba knowingly allows counterfeit products to be sold on their portal. But IACC is standing back from their decision to make Alibaba a member of the coalition. IACC has a large number of high profile companies as its members including Chanel and Apple.

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Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

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