Grammy award-winning pop star The Weeknd, whose real name is Abel Tesfaye, tweeted that he was “shocked and embarrassed” by an H&M Hennes & Mauritz AB ad making the rounds on social media “and will not be working with” the fast-fashion brand any longer. The ad, which H&M has apologized for, features a black child wearing a sweatshirt that says “coolest monkey in the jungle.” H&M has since apologized for the ad and says it has been removed from all channels, according to a CNN report. The Weeknd has collaborated with H&M for two collections. The latest launched in September 2017. H&M shares are down 33.5% in the past year while the S&P 500 index is up 20.6% for the period.
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From:: Stock Market News