H&M Sues Shein For Copying Dozens Of Its Designs: Report
Portfolio Pulse from Lekha Gupta
Hennes & Mauritz AB (H&M) has reportedly sued fast-fashion retailer Shein for copyright infringement in Hong Kong, accusing the company of copying several of its designs. The case, which includes dozens of stolen pictures of clothing as evidence, is expected to continue with a hearing on July 31. This follows H&M's recent report of a 6% YoY increase in Q2 FY23 sales.
July 25, 2023 | 12:20 pm
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NEUTRAL IMPACT
As a part of H&M, the lawsuit against Shein could potentially impact HMRZF's reputation and financials, depending on the outcome. H&M recently reported a 6% YoY increase in Q2 FY23 sales.
The lawsuit against Shein could potentially have financial implications for HMRZF, as it is a part of H&M. However, the company's recent sales growth indicates a positive financial performance, which could offset any potential negative impacts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
H&M's lawsuit against Shein could potentially impact its reputation and financials, depending on the outcome. The company recently reported a 6% YoY increase in Q2 FY23 sales.
The lawsuit against Shein could potentially have financial implications for H&M, depending on the outcome. However, the company's recent sales growth indicates a positive financial performance, which could offset any potential negative impacts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100