China's commerce ministry announced that preliminary findings indicate PVH Corp. engaged in 'improper' conduct related to the Xinjiang region. The ministry did not provide further details on the nature of the conduct.
This announcement follows an earlier investigation initiated by China into PVH for suspected violations of market trading principles concerning Xinjiang-related products. The preliminary finding suggests a negative outcome for the company in this ongoing dispute.
The development poses a significant risk to PVH's operations and reputation within the Chinese market. Potential measures by China's Ministry of Commerce could materially impact PVH's ability to conduct business in the region.
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