Sunday, June 16, 2024

    Latest Posts

    The Chinese boycott H&M

    Sales at Swedish fashion giant H&M in China have fallen sharply since a boycott campaign against the company was launched in the country. H&M was among several companies that expressed concern about alleged human rights abuses against Uighurs in Xinjiang province.

    5% of H & M’s sales took place in China last year and China is one of the company’s largest suppliers.

    The BBC reports.

    H & M’s sales in China decreased by 23% in the second quarter of 2021 compared to the same period last year.

    “What China regards the situation is still complicated,” said Helena Hel-mers-son manager H & M on the matter.

    Despite the recession in China, the company, which is the second-largest fashion company in the world, announced a pre-tax profit of USD 420 million in the second quarter. In the same quarter last year, the company lost.

    Latest Posts


    Stay in touch

    To be updated with all the latest news, offers and special announcements.


    Discover more from MegaloPreneur

    Subscribe now to keep reading and get access to the full archive.

    Continue reading