Fast fashion brand H&M was fined 138,000 for shoddy goods
According to news on January 21, Tianyancha information showed that Haynes Morris (Shanghai) Commercial Co., Ltd. has recently added a new administrative penalty.
Information shows that the company’s illegal income of 8,646 yuan was confiscated by the Shanghai Huangpu District Market Supervision and Administration Bureau and fined 137,768,600 yuan for producing and selling products that were adulterated, passed off as genuine, and passed off as inferior. Order to stop illegal behavior.
Tianyancha shows that Haynes Morris (Shanghai) Commercial Co., Ltd. was established on November 9, 2006. The legal representative is ADAM GUSTAV KARLSSON, with a registered capital of 5 million euros. Its business scope includes clothing, luggage, and cosmetics. , glasses (excluding contact lenses); retail of household items, toys, daily necessities, office supplies, jewelry, display supplies and related products (including online retail), etc.
In 2021, the company has been fined five times for shoddy products, with a total fine of approximately 280,000 yuan. At the end of December, the company’s illegal income of 3,254.38 yuan was confiscated and fined 4,902 yuan by the Jing’an District Market Supervision and Administration Bureau because its clothes failed to absorb moisture and perspire.
Public information shows that H&M was founded in Sweden in 1947 by Erling Persson. H&M officially entered the Chinese market in 2006 and opened its first store in Shanghai in 2007. According to data released by H&M China’s official website in February 2021, as of fiscal year 2020, H&M Group has opened a total of 5,018 stores in 74 markets around the world, and has opened online stores in 52 of them. As of the end of fiscal year 2020, H&M had a total of 445 stores in 146 cities in mainland China.
Previously, H&M Group announced that its brand Monki would close its last store in Tsuen Wan, China, at the end of December and completely withdraw from the mainland of China. Some branch staff said that in the future, if customers want to purchase products of this brand, they can only place orders on the “Tmall” platform or the mainland page, but postage will be charged.
According to reports, after the store is closed, the clerks can choose to work in other stores of the H&M Group’s brands.
Relevant data shows that as of August 31, 2021, the number of Monki stores has decreased by more than 12% compared with the same period last year, with only 108 stores left in the world. H&M reduced its stores by a total of 162 stores, including 108 stores in Europe and Africa, 29 stores in Asia and Oceania, and 25 stores in North and South America.
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