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ITX - Industria De Diseno Textil SA News Story

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Consumer Cyclicals
Large Cap
Market Cap £82.22bn
Enterprise Value £81.03bn
Revenue £17.62bn
Position in Universe 1st / 726

FACTBOX-Global retailers part of cotton trade body targeted in China

Fri 26th March, 2021 2:32pm
March 26 (Reuters) - Burberry  BRBY.L  on Friday became the first luxury brand to be hit by the
Chinese backlash to Western accusations of abuses in Xinjiang, losing a Chinese brand ambassador and
having its hallmark tartan design scrubbed from a popular video game.*:nL4N2LO0PZ
    The protests against Western companies escalated quickly this week to target members of the Better
Cotton Initiative (BCI), a group that promotes sustainable cotton production, which said last year it was
suspending its approval of cotton sourced from Xinjiang for the 2020-2021 season, citing human rights
    On Friday, the China branch of the cotton trade body, whose remit also includes improving conditions
in the garment sector, said it had not found signs of forced labor related to cotton production in
    Following is a list of major fashion retailers who are part of the BCI: 
 1.   Abercrombie &      11.  C&A AG           21.  Ikea Supply   31.  Matalan       41.  River Island
      Fitch                                         AG                 Retail Ltd         Clothing Co Ltd
 2.   Adidas AG          12.  Debenhams        22.  Inditex       32.  LVMH          42.  Target Corp
 3.   Adler Modemarkte   13.  Decathlon SA     23.  J Crew Group  33.  Morrisons -   43.  Tesco Clothing
      AG                                            Inc.               Nutmeg             
 4.   Aldi Einkauf GmbH  14.  El Corte Inglés  24.  JD Sports     34.  New Look      44.  The Children's
      & Co oHG                                      Plc                Retailers          Place
 5.   ALDI SOUTH Group   15.  Esprit Europe    25.  John Lewis    35.  Next Retail   45.  Walmart Inc
                              Services GmbH         Partnership        Ltd                
 6.   All Saints         16.  Fast Retailing   26.  J Sainsburys  36.  Nike Inc      46.  Whistles
                              Co Ltd                Plc                                   
 7.         17.  Gap Inc          27.  Kohl's Corp   37.  Orsay GmbH    47.  Williams-Sonoma
      Services Inc                                                                        Inc
 8.   American Eagle     18.  Guess Inc        28.  La Redoute    38.  Peek &        48.  Woolworths
      Outfitters Inc                                                   Cloppenburg        Holdings
                                                                       KG Hamburg         Limited
 9.   ASOS PLC           19.  H&M              29.  Levi Strauss  39.  PVH Corp      49.  Zalando SE
                                                    & Co                                  
 10.  Burberry Ltd       20.  Hugo Boss AG     30.  Marks and     40.  Ralph Lauren       
                                                    Spencer PLC        Corp               
 (Reporting by Aishwarya Venugopal in Bengaluru and Victoria Waldersee in Portugal; Editing by Shailesh
 ((; within U.S. +1-646-223-8780; outside U.S. +91 80 6749 2830;))
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