Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

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CHINA

As EU ban on Xinjiang cotton looms, luxury sector weaves fine line between Western embargoes and Beijing interests

The European Parliament is working on a new regulation that would prohibit goods made using forced labour. The legislation will primarily target cotton exported from Xinjiang province in China.
The European Parliament is working on a new regulation that would prohibit goods made using forced labour. The legislation will primarily target cotton exported from Xinjiang province in China. © Studio Pachamama
With the European Union set to vote in September on whether to ban goods made with forced labour, LVMH, Kering and others are engaged in a delicate balancing act. While luxury giants boost efforts to ensure no Xinjiang cotton is used in their products, they are also avoiding overtly criticising China, a top strategic market. [...] (1258 words)
Published on 25/05/2023 at 05:00 GMT Reading time 6 minutes

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