05:32 AM EDT, 09/25/2024 (MT Newswires) -- (Updates to add a statement from PVH in the last paragraph.)
PVH (PVH), owner of clothing brands Calvin Klein and Tommy Hilfiger, is being investigated by China's Commerce Ministry for suspected violations of China's market trading principles.
The company has 30 days to submit documentation and evidence to discuss whether there were any "discriminatory measures" against products from Xinjiang over the past three years, such as a boycott, the ministry said.
In a separate statement, the ministry said the US company is suspected of boycotting Xinjiang cotton and other products "without any factual basis."
PVH told MT Newswires in an emailed statement that it is in communication with the Chinese Ministry of Commerce and "will respond in accordance with the relevant regulations."
Price: 96.51, Change: +0.46, Percent Change: +0.48