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Stock impact report

Hugo Boss Canada resolves Uyghur forced labour complaints with CORE [Yahoo! Finance]

HUGO BOSS AG S/ADR (BOSSY) 
NASDAQ:AMEX Investor Relations: group.hugoboss.com/en/investor-relations
Company Research Source: Yahoo! Finance
the company provided a “satisfactory response or remedy” to the allegations raised. The complaints, reported in June 2022, alleged that Hugo Boss had supply relationships with Chinese companies Esquel Textile Co. Ltd, which the Australian Strategic Policy Institute (ASPI) identified in its report “ Uyghurs for sale” as using or benefiting from Uyghur forced labour – and Texhong Textile Group which Sheffield Hallam University's report “ Laundering Cotton ” identified as using Uyghur forced labour. After an initial assessment, the report prompted an investigation into the matter. This process was temporarily halted as both parties agreed to engage in the CORE's alternative dispute resolution mechanism. Through the resolution process, Hugo Boss Canada had an opportunity to address the complainant's allegations, and both parties made “reasonable efforts” to engage in problem-solving through dialogue and sharing of documents and information. Sheri Meyerhoffer, the Ombudsperson, com Show less Read more
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