H&M says China is ‘very important market’ in the wake of mainland-led boycotts over Xinjiang cotton stance


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By Coconuts Hong Kong Mar 31, 2021 | 6:28pm Hong Kong time Swedish retailer H&M said in a vaguely-worded statement that it is committed to its operations in China. Photo: Unsplash/itssecondkaki Clothing chain H&M expressed commitment to doing business in China, emphasizing that it is a “very important market” in the wake of nationalistic backlash from mainland Chinese consumers over the brand’s old comments about Xinjiang cotton production. “We are dedicated to regaining the trust and confidence of our customers, colleagues, and business partners in China,” the company wrote in on its website Wednesday. “By working together with stakeholders and...