Market Chatter: China Warns Canada Goose May Have Broken Consumer Law
China's state-run People's Daily newspaper warned that Canada Goose Holdings Inc. (, ) may have violated Chinese consumer law, a sign the clothing company may be facing a difficult period in the world's No. 2 economy, Bloomberg News reported overnight Thursday.
The ruling Communist Party's flagship newspaper said on a social media account Thursday that the Toronto-based cold weather outfitter used a "discriminative" return policy in China, adding that Canada Goose and other foreign brands must provide quality products and services to the nation's consumers.
(Market Chatter news is derived from conversations with market professionals globally, and/or other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)