TOKYO :Fast Retailing Co, owner of clothing brand Uniqlo, forecast 18 per cent growth in annual profit on Thursday, as it plans to expand in key markets including China, anticipating that the rising cost of living will make shoppers more price conscious.Fast Retailing, known for its fleece jackets and inexpen
Uniqlo says no forced Xinjiang labor used in making its products TOKYO Uniqlo owner Fast Retailing on Thursday stressed that the company does not use any materials linked to human rights violations in the supply chain amid rising concerns over forced labor in China s Xinjiang region.
Chief Financial Officer Takeshi Okazaki spoke to the media after the apparel maker posted a net profit of 151 billion yen ($1.38 billion) for the first nine months of this fiscal year, up 67% from a year ago.
French prosecutors are investigating Fast Retailing and other global apparel makers for alleged crimes against humanity in Xinjiang, according to local media reports. On Wednesday, the U.S. Senate passed legislation to ban the import of products from Xinjiang, where U.S. officials say Uyghurs and other Muslim groups face ongoing genocide.