H&M and Inditex reduce their exposure in China

An article by Sophie Baqué

Publication

8 July 2022 à 10h02

Updated on 21 October 2022 à 21h45

Reading time

1 minute

Publication: 8 July 2022 à 10h02, Updated on 21 October 2022 à 21h45

Reading time: 1 minute

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An article by Sophie Baqué

Publication

8 July 2022 à 10h02

Updated on 21 October 2022 à 21h45

Reading time

1 minute

Publication: 8 July 2022 à 10h02, Updated on 21 October 2022 à 21h45

Reading time: 1 minute

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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The Swedish retailer H&M (turnover of US$5.36 billion in Q2 2022, up by 12% in local currency) has discreetly closed its largest store in Mainland China on 24 June 2022.

On Huaihai Road and with 3 floors of retail space, it opened in 2007. H&M has already closed a flagship store on West Nanjing Road in Shanghai in May. For the fashion retailer, which operated 381 stores in China at the end of May 2022, this is a response to the prolonged backlash over the Xinjiang cotton c

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