Hit by Xinjiang cotton backlash, H&M aims to ‘regain trust in China’

Mar 31, 2021 | INVESTING

Embattled Swedish fashion chain H&M said it wanted to regain the trust of customers in China – a week into a backlash in mainland China for its refusal to use Xinjiang cotton.In a statement on Wednesday, the company stressed the importance of the Chinese market and said it was working on strategies for material sourcing.“China is a very important market to us and our long-term commitment to the country remains strong,” it said. “We are working together with our colleagues in China to do…

Read More

Pin It on Pinterest