China says US firm PVH engaged in 'improper' conduct related to Xinjiang
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China's commerce ministry has accused PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, of engaging in 'improper' conduct related to the Xinjiang region. The ministry did not provide further details on the nature of the conduct.
January 16, 2025 | 9:15 am
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PVH Corp is accused by China's commerce ministry of 'improper' conduct in Xinjiang. The lack of details leaves uncertainty, but potential regulatory or reputational risks could affect the stock.
The accusation from China's commerce ministry could lead to regulatory scrutiny or reputational damage for PVH Corp. This uncertainty may negatively impact investor sentiment and the stock price in the short term.
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