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Luxury brands suing Alibaba say mediation looks futile after Ma comments
November 10, 2015 by creative · Leave a Comment
SHANGHAI/NEW YORK (Reuters) – Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands…
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Luxury brands suing Alibaba say mediation looks futile after Ma comments