By and  on March 16, 2017
Outside a Nike store in Shanghai, China.

HONG KONG — Shares of Muji's parent company Ryohin Keikaku Co. partially recovered Thursday, ending the day down 1.23 percent, after a Chinese state media report accusing it of consumer fraud sent its shares plummeting in morning trading.

The Japanese retailer, together with sportswear behemoth Nike, were among the brands targeted in a Chinese television show segment aimed at uncovering fraudulent consumer practices. Nike shares also took a dip on Wednesday, but closed up 0.66 percent.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus