Global Brands Find It Hard to Untangle Themselves From Xinjiang Cotton [The New York Times]
PVH Corp. (PVH)
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Source: The New York Times
Faced with accusations that it was profiting from the forced labor of Uyghur people in the Chinese territory of Xinjiang, the H&M Group — the world’s second-largest clothing retailer — promised last year to stop buying cotton from the region.But last month, H&M confronted a new outcry, this time from Chinese consumers who seized on the company’s renouncement of the cotton as an attack on China. Social media filled with angry demands for aboycottThe furor underscored how international clothing brands relying on Chinese materials and factories now face the mother of all conundrums — a conflict vastly more complex than their now-familiar reputational crises over exploitative working conditions in poor countries.ImageFarmers picking cotton in a field in Hami in China’s northwestern Xinjiang region, in 2018.Credit...Agence France-Presse — Getty ImagesIf they fail to purge Xinjiang cotton from their supply chains, the apparel companies invite legal enforcement from Washington under an Ameri
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PVH
Earnings
- 4/1/24 - Beat
PVH
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PVH's page on the SEC website