#XinjiangCotton
Shares in Parent Company Drop as #Muji Features Xinjiang Cotton
Mutiple international brands have boycotted Xinjiang cotton exported by China due to reported forced labour and human rights violation by the Chinese Government.
Japanese brand #Muji, however, continues to feature the "Xinjiang Cotton" shirt collection under the "new products" section of their China website, as of March 25, 2021.
Muji's reaction was seen as an attempt to avoid from being targeted by Chinese netizens' call for boycotting foreign brands that refused to use Xinjiang cotton.
Nevertheless, Muji's parent company #RyohinKeikaku has seen its shares fall 6.8% on the morning of March 25, in Tokyo. According to Nikkei Asia. This suggests that "investors fear the company could be affected by the fallout".
Source: Nikkei Asia; Liberty Times News #Mar25
http://asia.nikkei.com/Business/Retail/Muji-features-Xinjiang-cotton-as-Chinese-netizens-lash-its-rivals
https://ec.ltn.com.tw/article/breakingnews/3479967
#Kowtow #CCPRules #Ugyhurs
Shares in Parent Company Drop as #Muji Features Xinjiang Cotton
Mutiple international brands have boycotted Xinjiang cotton exported by China due to reported forced labour and human rights violation by the Chinese Government.
Japanese brand #Muji, however, continues to feature the "Xinjiang Cotton" shirt collection under the "new products" section of their China website, as of March 25, 2021.
Muji's reaction was seen as an attempt to avoid from being targeted by Chinese netizens' call for boycotting foreign brands that refused to use Xinjiang cotton.
Nevertheless, Muji's parent company #RyohinKeikaku has seen its shares fall 6.8% on the morning of March 25, in Tokyo. According to Nikkei Asia. This suggests that "investors fear the company could be affected by the fallout".
Source: Nikkei Asia; Liberty Times News #Mar25
http://asia.nikkei.com/Business/Retail/Muji-features-Xinjiang-cotton-as-Chinese-netizens-lash-its-rivals
https://ec.ltn.com.tw/article/breakingnews/3479967
#Kowtow #CCPRules #Ugyhurs
Nikkei Asia
Muji features Xinjiang cotton as Chinese netizens lash its rivals
Japanese clothing retailer's move comes amid calls to boycott foreign brands