Fast Retailing torn on the Chinese issue of Xinjiang

After a record year in a fiscal year to the end of August 2024 (turnover of US$20.7 billion up by 12.2%, net margin at 12% of sales), the C.E.O. of Fast Retailing, Tadashi Yanai, explained on the BBC on November 27 why he was not sourcing from Xinjiang. Since then, Uniqlo has been the subject of boycott calls on WeChat and Douyin, the Chinese TikTok. “We hope [Fast Retailing and others] will give Xinjiang cotton the necessary respect and trust and resume its use to maintain the development...