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Stock impact report

UPDATE 1-Levi Strauss leaves Better Cotton Initiative's board - WSJ [Reuters]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Reuters
trade body Better Cotton Initiative (BCI), the Wall Street Journal reported on Friday, citing people familiar with the matter. Earlier this year, several brands including Swedish fashion chain H&M and sportswear maker Nike as well as BCI, a group that promotes sustainable cotton production, became targets of some Chinese internet users after they raised concerns about alleged forced labor in Xinjiang. BCI members include Nike, Adidas, H&M and Japan's Fast Retailing. The China branch of BCI, however, said in March it had found no signs of forced labor in Xinjiang. The Journal said BCI deleted from its website a statement about its concerns in Xinjiang four months ago and has not commented since. Members of the coalition remain torn over how and when to respond to the Chinese attacks, with some wanting BCI to swiftly and forcefully rebut the attacks and others pushing for a slower and more cautious approach, the Journal reported on.wsj.com/3isu2Mj Levi and BCI did not immediat Show less Read more
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