H&M Sues Shein For Copying Dozens Of Its Designs: Report

Hennes & Mauritz AB HNNMYHMRZF reportedly sued the fast-fashion retailer Shein for copyright infringement in Hong Kong.

H&M had included dozens of stolen pictures of clothing, ranging from swimwear to sweaters, as evidence against Shein during a hearing at the Hong Kong High Court on June 21, as per Bloomberg. 

The next hearing on the case is expected on July 31.

Earlier, H&M had first accused Shein of copying several designs in 2021.

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H&M claimed that Shein “in multiple cases has infringed on our designs.”

Last month, H&M reported a 6% year-on-year increase in second-quarter FY23 sales to SEK 57.6 billion.

Also Read: H&M Forays Into Brazilian Market, Boosting Latin American Presence

Price Action: HNNMY shares closed lower by 0.30% at $3.35 on Monday.