Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Hennes & Mauritz AB
  6. News
  7. Summary
    HM B   SE0000106270


(HM B)
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

'Xinjiang cotton is my love': Patriots on show at China Fashion Week

04/01/2021 | 12:57am EDT

BEIJING, April 1 (Reuters) - Designer Zhou Li took to the stage amid applause following her runway show at China Fashion Week with a prop that has political overtones: a bouquet of cotton plants.

"As far as I'm concerned, I think Xinjiang cotton is my sweetheart, my love, which is to say I'm very grateful it has brought me such happiness," Zhou, 56, told Reuters after her show on Tuesday in Beijing.

Zhou, chief designer and founder of Chinese fashion brand Sun-Bird, is a patriotic supporter of a boycott targeting several major western apparel brands in China that have expressed concern over alleged rights abuses in Xinjiang province.

She said her garments on show on Tuesday, which featured slick minimalist designs with ruffles and ancient Chinese characters, used Xinjiang cotton exclusively.

"For our Chinese designs, I'm certainly right to support the Xinjiang people," she said.

H&M, Burberry, Adidas and Nike are among those hit by consumer boycotts in China after their comments on alleged human rights abuses in Xinjiang resurfaced on Chinese social media last week.

The backlash has put the brands in an awkward position given the importance of the market in China, where news and social media are tightly controlled by the Communist Party-controlled government and patriotic campaigns targeting foreign brands are common.

"First of all, as everyone knows, these are false statements (from the brands)", 19-year old fashion model Zhao Yinuo said outside the event. "But of course I can't comment too much on this because it involves political issues."

"I have a sense of national pride," she said.

The European Union, the United States, Britain and Canada last week imposed sanctions on Chinese officials, accusing them of human rights abuses in Xinjiang. China retaliated with sanctions of its own on lawmakers and academics.

Xinjiang produces around 20% of the world's cotton.

Some researchers and lawmakers say Xinjiang authorities use coercive labour programmes to meet seasonal cotton picking needs. China strongly denies the claims, and says all labour in Xinjiang is consensual and contract-based.

"I can't believe our Chinese Communist Party would ever do such a thing," said a 19-year old student surnamed Li at the fashion event. "Our nation is very united." (Reporting by Cate Cadell and Nanlin Fang; Editing by Raju Gopalakrishnan)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ AB -0.96% 177.6 Delayed Quote.3.26%
All news about HENNES & MAURITZ AB
09/21H&M : Receives a Buy rating from Kepler Cheuvreux
09/15GLOBAL MARKETS LIVE : Microsoft, Apple, The Boeing Company, AT&T, Activision Blizzard...
09/15ASSOCIATED BRITISH FOODS : Fast-fashion chain Primark vows to improve environmental impact
09/15H&M : Receives a Buy rating from RBC
09/15H&M : JP Morgan reiterates its Buy rating
09/15H&M : Jefferies sticks Neutral
09/15H&M : Gets a Buy rating from UBS
09/15H&M : Goldman Sachs sticks Neutral
09/15European stocks fall as utilities drag, luxury slides after China data
09/15HENNES & MAURITZ : H&M's sales still lag pre-pandemic levels as restrictions bite
More news
Analyst Recommendations on HENNES & MAURITZ AB
More recommendations
Sales 2021 200 B 23 109 M 23 109 M
Net income 2021 9 842 M 1 138 M 1 138 M
Net Debt 2021 29 754 M 3 441 M 3 441 M
P/E ratio 2021 29,5x
Yield 2021 3,47%
Capitalization 294 B 33 929 M 33 991 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,41x
Nbr of Employees 153 000
Free-Float 31,8%
Duration : Period :
Hennes & Mauritz AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HENNES & MAURITZ AB
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 177,60 SEK
Average target price 207,64 SEK
Spread / Average Target 16,9%
EPS Revisions
Managers and Directors
Gudrun Helena Lundberg Helmersson Chief Executive Officer
Adam Gustav Karlsson Chief Financial Officer
Karl-Johan Erling Persson Chairman
Alan Boehme Chief Technology Officer
Anders Gunnar Dahlvig Independent Director
Sector and Competitors
1st jan.Capi. (M$)
HENNES & MAURITZ AB3.26%33 929
INDITEX21.58%117 125
KERING9.91%95 524
FAST RETAILING CO., LTD.-16.62%70 415
ROSS STORES, INC.-5.90%41 066
ZALANDO SE-6.66%25 865