By Charlotte McEleny

Alibaba has reportedly been suspended from the International Anti-Counterfeiting Organsiation (IACC) because of claims that the chairman of the group holds shares in Alibaba.

Alibaba’s IACC membership has been short-lived thus far but fraught with controversy, after Gucci, Michael Kors and Tiffany announced they would leave the group in protest of the Chinese retailers involvement.

According to a report in the Guardian, several links have been made between IACC president Robert Barchiesi and Alibaba, including that he owns shares in the business.

The IACC said the oversight was due to poor governance practices, rather than Barchesi’s “inaction”.

According to the Read full story ›

Source: The Drum