Global 

South Koreans call for boycott of Japanese cars, beer and cosmetics as ‘trade war’ intensifies

Calls for South Koreans to boycott Japanese products ranging from cars to beer to cosmetics are mounting, with an online petition urging Seoul to “retaliate” against Tokyo for its curbs on exports of hi-tech materials garnering 17,000 supporters in four days.The petition was posted on the presidential Blue House website on Monday after Japan announced restrictions on three key materials used by South Korean firms to make smartphone display panels and chips, a move Seoul condemned as “outright… Source link

Read More
China 

An India-China trade war? Modi fans the flames of boycott calls

Indian traders calling for a boycott of China-made products have been encouraged by an interview in which Prime Minister Narendra Modi says the matter is for the public to decide.“As far as public sentiment on Chinese goods is concerned, we should leave it to their sooj-bhooj [wisdom]. We, including the media, should guide the public,” Modi told Network18 last week, in comments that have played into the hands of the influential Confederation of All India Traders (CAIT), which has 70 million… Source link

Read More
Home 

Remember that ‘Chinese boycott’ of Canada Goose down jackets because of Meng Wanzhou? Revenue numbers show it didn’t happen, with sales rising, and forecasts up

Canada Goose Holdings Inc boosted its annual forecast for the second time in six months, signalling its premium down parkas remain popular with Chinese shoppers amid a diplomatic spat between China and Canada and calls for a boycott of the brand. Based on the “strength” of the nine months ended on December 31, Canada Goose said revenue would rise in the mid-to-high 30s on a percentage basis, compared with a November forecast of at least 30 per cent. Last quarter, sales climbed 50 per cent to C$399.3 million (US$301 million),…

Read More
Home 

Chinese customers flock to Canada Goose’s first China flagship store opening despite calls for boycott

The first China flagship store of luxury parka-maker Canada Goose opened in Beijing to long queues despite tensions between Beijing and Ottawa over the arrest of Huawei CFO Meng Wanzhou. The 600-square metre flagship store, which opened its doors on Friday, was originally scheduled to kick off on December 15. Canada Goose delayed the opening, citing ongoing construction. The delay came amid a furore in China over the arrest of Meng, which set off calls for boycotts of the high-end brand on Chinese social media platforms. China is the world’s…

Read More
Home 

Is Canada Goose cooked? Shares slide as Chinese buyers demand boycott over arrest of Huawei CFO Sabrina Meng Wanzhou

Growing tensions between Beijing and Toronto over the arrest of Huawei CFO Sabrina Meng Wanzhou have inflicted damage on the luxury clothing retailer Canada Goose, as Chinese consumers call for a boycott of the brand. Shares in the company have plunged nearly 20 per cent since the arrest on Meng in Vancouver on December 1. A Canadian judge granted bail to Meng on Tuesday. The company’s slide in the stock market comes amid reports that a former Canadian diplomat, Michael Kovrig, has been detained in China. He is facing accusations…

Read More
Home 

Korean Air still struggling to recover from Chinese boycott

Korean Air is still “struggling” to return to the days when mainland China was its top-performing international market, as geopolitical flashpoints continue to dog its business, one of the carrier’s top executives has said. Cho Won-tae, the South Korean flagship carrier’s president and chief operating officer, said the raging US-China trade war was his latest concern, following the airline’s slow recovery from a boycott by mainland Chinese tourists after Seoul’s decision to deploy a US missile defence system in March last year. Tensions between Pyongyang and Washington several months later…

Read More