China's Cotton Group has called on international brands, including Uniqlo, to source cotton from Xinjiang after Uniqlo's parent company CEO, Tadashi Yanai, stated they do not use fiber from the region. This statement sparked a boycott movement on Chinese social media, amid ongoing U.S. trade restrictions due to concerns over forced labor, which China disputes.
Shares of Fast Retailing, the parent company of Uniqlo, fell by up to 4.4%, marking the largest decline in nine weeks. This drop followed comments from chairman Tadashi Yanai, who stated that Uniqlo does not source cotton from China's Xinjiang region, amid concerns over Chinese demand and U.S. trade restrictions related to human rights issues.
Fast Retailing Co., the owner of Uniqlo, is monitoring potential impacts on Chinese consumer demand following Chairman Tadashi Yanai's comments about not using cotton from Xinjiang. His remarks have sparked discussions on Chinese social media, raising concerns about a possible boycott of Uniqlo products. Spokesperson Seikei Itoh confirmed the company is observing the situation closely.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
