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H&M recently became a a high-profile example of foreign companies punished for crossing China’s political lines REUTERS/Thomas Peter/File Photo(REUTERS)

H&M caught in a 'geopolitical crossfire' between China and Vietnam

Bloomberg |
PUBLISHED ON APR 04, 2021 05:45 PM IST
  • H&M is the latest example of a business getting caught in geopolitical crossfires as countries tussle over issues ranging from sovereignty claims to maritime boundaries.
The stocks jumped after Chinese social-media users last week called for a boycott of Swedish retailer Hennes & Mauritz AB. (AP Photo/Ng Han Guan)(AP)
The stocks jumped after Chinese social-media users last week called for a boycott of Swedish retailer Hennes & Mauritz AB. (AP Photo/Ng Han Guan)(AP)

H&M’s Xinjiang setback benefits tiny, loss-making China peers

Bloomberg |
PUBLISHED ON MAR 30, 2021 10:38 AM IST
  • Shanghai Metersbonwe Fashion & Accessories Co. and Ribo Fashion Group Co. each surged 33% since Wednesday’s close to feature among the biggest gainers in about 4,000 Chinese A-shares during the period.
Users in Beijing reported that any searches for H&M in either Apple Maps on the iPhone or Baidu Maps returned no results. REUTERS/Florence Lo(REUTERS)
Users in Beijing reported that any searches for H&M in either Apple Maps on the iPhone or Baidu Maps returned no results. REUTERS/Florence Lo(REUTERS)

H&M stores vanish from China's maps as Xinjiang spat worsens

Bloomberg |
PUBLISHED ON MAR 26, 2021 10:22 AM IST
  • The disappearance of H&M’s physical stores from online maps comes after the retailer was removed from Alibaba’s e-commerce platform earlier this week as the controversy escalated.
H&M China said on Wednesday that its global supply chain complies with sustainability commitments, and doesn’t reflect any political position. (AP Photo/Ng Han Guan)(AP)
H&M China said on Wednesday that its global supply chain complies with sustainability commitments, and doesn’t reflect any political position. (AP Photo/Ng Han Guan)(AP)

H&M, Nike face boycotts in China as Xinjiang becomes wedge issue

Bloomberg |
PUBLISHED ON MAR 25, 2021 01:05 PM IST
  • The Communist Party’s move to target companies over Xinjiang shows President Xi Jinping’s government is seeking to impose real costs for governments and businesses that criticize China’s human-rights record
A Hennes & Mauritz (H&M) store in Germany is seen in this file picture. H&M was extremely concerned about the situation in the country and that it was in dialogue with UN agencies, diplomatic representatives, human rights experts, trade unions and other multinational companies.(REUTERS)
A Hennes & Mauritz (H&M) store in Germany is seen in this file picture. H&M was extremely concerned about the situation in the country and that it was in dialogue with UN agencies, diplomatic representatives, human rights experts, trade unions and other multinational companies.(REUTERS)

Fashion giant H&M pauses placing orders in Myanmar, says extremely concerned

Reuters | , Stockholm
PUBLISHED ON MAR 08, 2021 06:06 PM IST
H&M has around 45 direct suppliers in Myanmar, it said on its website, and has sourced in the country for seven years.
Customers browse clothing on display at the flagship Uniqlo store, operated by Fast Retailing Co., in Osaka, Japan.(Buddhika Weerasinghe/Bloomberg)
Customers browse clothing on display at the flagship Uniqlo store, operated by Fast Retailing Co., in Osaka, Japan.(Buddhika Weerasinghe/Bloomberg)

Japanese retailer Uniqlo open first Indian store in Delhi next year

Bloomberg | By Lisa Du and P R Sanjai
UPDATED ON MAY 09, 2018 06:18 PM IST
The Uniqlo owner’s entry will follow Inditex SA’s Zara and Hennes & Mauritz (H&M)AB in India’s apparel market that’s forecast by Euromonitor International to grow 29% to Rs 3.76 trillion ($56 billion) by 2021.
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