Five more global fashion brands—three European and two North American—yesterday assured Bangladeshi exporters of receiving readymade garments already manufactured or in the process of being made, while not cancelling any prior work orders. Exporters welcomed the development in the face of cancellation of orders or halted shipments by many global buyers.
Spanish clothing company Inditex, British multinational retailer Marks and Spencer, French retail company Kiabi and US retail companies PVH and Target informed the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) of their decision to accept the ready goods along with the goods in production, BGMEA president Rubana Huq told Bangladeshi newspaper ‘The New Age’.Five more global fashion brands-three European and two North American-yesterday assured Bangladeshi exporters of receiving readymade garments already manufactured or in the process of being made, while not cancelling any prior work orders. Exporters welcomed the development in the face of cancellation of orders or halted shipments by many global buyers.#
“We welcome their decisions to support us and hope that the payment terms will remain unaffected in order to ensure liquidity flow for the factories,” she said.
Earlier, Swedish clothing retail company H&M had given a similar assurance.
Target also reiterated that it would work as a partner to come out of the crisis and they had no intention of cancellations any order, she added.
Fibre2Fashion News Desk (DS)
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