Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBurberry Share News (BRBY)

Share Price Information for Burberry (BRBY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,180.00
Bid: 1,179.50
Ask: 1,180.50
Change: 30.00 (2.61%)
Spread: 1.00 (0.085%)
Open: 1,158.00
High: 1,189.00
Low: 1,155.00
Prev. Close: 1,150.00
BRBY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Chinese celebs drop top foreign brands over Xinjiang 'forced labour' accusations

Fri, 26th Mar 2021 10:14

BEIJING, March 26 (Reuters) - Chinese celebrity endorsers
have abandoned several foreign retail labels, including six U.S.
brands such as Nike, as Western concerns over labour
conditions in Xinjiang spark a patriotic backlash from
consumers.

New Balance, Under Armour, Tommy Hilfiger
and Converse, owned by Nike, have come under fire in China for
statements that they would not use cotton produced in the
farwestern Chinese region due to suspected forced labour.

Activists and U.N. rights experts have accused China of
using mass detainment, torture, forced labour and sterilisations
on Uighur Muslims in Xinjiang. China denies these claims and
says its actions in the region are necessary to counter
extremism.

At least 27 Chinese movie stars and singers have declared in
the past two days that they would stop cooperating with foreign
brands.

Their decision was widely praised by Chinese internet users
for being patriotic and trended high on the popular Twitter-like
microblog Weibo.

"I have bought these kinds of products in the past and this
situation doesn‘t mean that I will now throw them away, destroy
them or something like that," said graduate Lucy Liu outside a
Beijing shopping mall.

"What I'll do is just avoid buying them for the moment."

Some of the brands are members of the Better Cotton
Initiative, a group that promotes sustainable cotton production
which said in October it was suspending its approval of cotton
sourced from Xinjiang, citing rights concerns.

Among the celebrities who ended their pacts with foreign
brands were a few Uighur artists.

Other brands affected include Burberry, Adidas
, Puma, H&M and Fast Retailing's
Uniqlo.

"I can confirm that Uniqlo's Chinese brand ambassadors have
terminated their contracts," said a Fast Retailing spokesperson.

"Regarding cotton, we only source sustainable cotton and
this has not changed."

The other companies did not immediately respond to Reuters
requests for comment.

Hong Kong pop singer Eason Chan said on Weibo that he would
stop cooperating with Adidas and he was "firmly against all
actions that tarnish China".

The post has been liked by nearly 800,000 Weibo users.

"I know you won't let us down!" one of them wrote. "I'm from
Xinjiang."

Student Wang Xue, 21, visiting Beijing, said she liked to
buy comfortable clothes that made her happy.

"As long as they (these brands) are not insulting China,
then I'm okay with them," she said. "But if they are, then I
will definitely boycott them."
(Reporting by Ryan Woo and Beijing newsroom; Editing by Nick
Macfie)

More News
24 Apr 2024 17:06

CORRECT: No record close for FTSE 100; mixed trade in US

(Correcting day of the week in the opening sentence.)

Read more
24 Apr 2024 17:00

LONDON MARKET CLOSE: No record close for FTSE 100; mixed trade in US

(Alliance News) - Stock prices in London closed lower on Thursday, with the FTSE 100's recent rally taking a pause for breath, but not after hitting another record high.

Read more
24 Apr 2024 16:47

Luxury sector outlook clouded by China's slow recovery

PARIS, April 24 (Reuters) - Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
17 Apr 2024 08:48

LVMH Q1 meets expectations, reassuring luxe sector

profit warning

Read more
16 Apr 2024 19:28

LVMH sales growth slips on luxury spending slowdown

PARIS, April 16 (Reuters) - LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.

Read more
16 Apr 2024 16:45

LVMH's first quarter sales growth slips to 3% on luxury slowdown

PARIS, April 16 (Reuters) - LVMH reported a 3% rise in first quarter sales on Tuesday, marking a slowdown as rising prices prompted more shoppers who aspire to own its handbags and other luxury goods to hold back on splashing out thousands of dollars.

Read more
4 Apr 2024 14:27

RBC Capital cuts Burberry price target ahead of FY results

(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Thursday to 1,200p from 1,500p as it reduced estimates ahead of the full-year results, which it said are unlikely to surprise positively.

Read more
4 Apr 2024 09:43

LONDON BROKER RATINGS: Berenberg likes 4imprint; Numis cuts CMC

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
2 Apr 2024 09:54

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
20 Mar 2024 16:54

LONDON MARKET CLOSE: FTSE 100 treads water while Kering weighs on CAC

(Alliance News) - London's FTSE 100 finished the day largely as it started it, enduring an uninspiring session on Wednesday, with the latest Federal Reserve decision about an hour away.

Read more
20 Mar 2024 16:53

London close: Stocks mixed ahead of Fed, BoE decisions

(Sharecast News) - London markets closed with a mixed but little-changed performance on Wednesday, as investors digested a larger-than-expected slowdown in UK inflation.

Read more
20 Mar 2024 11:49

LONDON MARKET MIDDAY: Pre-Fed rate nerves push FTSE 100 in red

(Alliance News) - The FTSE 100 was in the red on Wednesday at midday, as relief from cooling UK inflation was not enough to shake off nerves ahead of the latest US Federal Reserve interest rate decision.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.