Categories
Business World

H&M to leave Russia after selling off remaining stock

H&M has announced it is leaving Russia but will temporarily reopen its shops there to sell off its remaining stock. The world’s second-biggest clothing retailer said it was “impossible” to continue its business in Russia due to the Ukraine war. The decision comes after the Swedish firm suspended all sales in Russia in March, shortly […]

Categories
World

China accuses several western clothing brands of selling goods that are harmful to children

China has accused several Western clothing brands of selling goods that could be harmful to children. A warning notice on the country’s customs administration website listed 81 items imported by companies including Nike, H&M and Zara. In March, China targeted foreign clothes retailers as an international backlash grows over claims of abuses in the cotton-growing […]

Categories
World

H&M, Nike face boycott in China over refusal to buy Xinjiang cotton

Swedish multinational clothing-retail company, H&M is facing a boycott in China over its refusal to use Xinjiang cotton amid allegations of forced labour of the Uighur minority. The Swedish retailer said last year it was “deeply concerned” by abuse reports there – a statement which resurfaced on social media, sparking outrage. Major e-commerce platforms have […]