Myanmar: H&M announced to exit amid reports of labour rights abuse
"Exclusive: H&M says it will "phase out" sourcing from Myanmar"
...The world's second-biggest fashion retailer H&M (HMb.ST) has decided to gradually stop sourcing from Myanmar, it told Reuters on Thursday, as reports of labour abuses in garment factories in the country increase.
H&M became the latest brand to cut ties with suppliers in the country after Zara owner Inditex (ITX.MC), Primark (ABF.L), Marks & Spencer (MKS.L) and others.
"After careful consideration we have now taken the decision to gradually phase out our operations in Myanmar," H&M said in an email to Reuters.
Weekly Update
Our international team of expert researchers monitor developments relating to allegations of corporate abuse, also highlighting where progress has been made. We work alongside grassroots civil society, businesses and governments to keep our audience up to date with related legal developments and coverage of ground-breaking research. Read past updates and subscribe.