Groups divided on Bangladesh safety overhauls

Last Updated: Saturday, May 18, 2013 - 08:44

New York: The nation`s largest retail industry organisation is firing back, saying that a legally binding global pact to make Bangladesh clothing factories safer would expose merchants to undue legal exposure.

The move comes as US retailers face increasing pressure from a large coalition of religious groups and investors who are calling on them to work together to develop a plan.

More than 30 brands including Swedish retailer H&M, Benetton, and French retailer Carrefour have signed on to the 5-year agreement that requires them to help pay for fire safety and building improvements in Bangladesh.

But only two US companies have signed on so far: PVH Corp., the New York-based parent company of Tommy Hilfiger, and Abercrombie & Fitch of New Albany, Ohio.

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First Published: Saturday, May 18, 2013 - 08:44

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