This Chinese e-commerce giant is luxury retail's worst nightmare

Facebook Luxury retailers have been unhappy with Alibaba, the Chinese e-commerce behemoth that's grown rapidly over the past few years. Earlier this week, Gucci made headlines for withdrawing from the International Anti Counterfeiting Coalition (IACC), apparently because of Alibaba's membership in the organization. In April, Michael Kors had done the same, according to the Associated Press, calling Alibaba, "our most dangerous and damaging adversary."  And then on Friday, the retailers got...