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H&M closes flagship store in Shanghai due to lockdown and backlash over Xinjiang cotton

Summary by Ground News
H&M has shut its flagship Shanghai store, its latest closure in China. The fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Consumers have also beat a retreat from its products after a letter in which H&M expressed concerns about allegations of forced labor.

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Financial Post broke the news in Canada on Friday, June 24, 2022.
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