Bangladesh: Amidst unions’ calls for patience, major apparel brands leave the country
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"Amidst unions’ calls for patience, major apparel brands leave Bangladesh", 16 August 2024
...Major fashion brands have diverted production orders from Bangladesh to neighboring countries following the fall of authoritarian leader Sheikh Hasina...
...Suppliers to global brands have been affected by a wave of retaliatory attacks for being owned by regime loyalists. Factories producing for H&M and Zara were among those torched...
...The lack of certainty has shaken the confidence of brands who are aiming to meet their targets consistently...
...Syed Nasim Manzur, the manager of a footwear company that supplies to French retailer Decathlon and Uniqlo’s Japanese parent company, says that “large groups are saying they’ll reduce their sourcing by 30% for next season.” ...