DH thinks it's a bit of a stretch. However I think some designers at H&M thought they'd have a laugh and see if they could get away with it.
The F-U-K are too close to be a coincidence surely? Doesn't help there is an R after the K. There is also an M to the left of the F. So in all across the top it says M-F-U-K-R.
Of ALL The letters in the alphabet. Really!? P
I'm prepared to be told I'm reaching. Blame my mother for playing word games as a child.