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Stock impact report

Rights group files complaint against German retailers over Chinese textiles sourced from forced labour [Globe and Mail, The (Toronto, Canada)]

FAST RETAILING UNSP/ADR (FRCOY)  More Company Research Source: Globe and Mail, The
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
PDF The Berlin-based European Centre for Constitutional and Human Rights accuses Lidl, Hugo Boss and other retailers of abetting and profiting directly or indirectly from forced labour in Xinjiang's cotton industry, according to the 96-page complaint received by prosecutors in the Karlsruhe federal court. China denies Western countries' accusations that it mistreats minority Uyghur Muslims in Xinjiang, or that forced labour is carried out there. A spokesperson at the Chinese embassy in Berlin was not immediately available to comment. “It is unacceptable that European governments criticize China for human rights violations, while European companies may be profiting from the exploitation of the Uyghur population,” said Miriam Saage-Maass, head of ECCHR's Business and Human Rights program. “It is high time that those responsible in the companies are held accountable if suspicions of forced labour are confirmed.” The filing aims to convince the prosecutor to open an inquiry that, its [Read more]
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