Monday, May 20, 2024

H&M boss backs wage hike

H&M, the Swedish retail giant for clothing, yesterday suggested the government should increase wages for garment workers to help improve their living standards. Chief executive of the company Karl-Johan Persson also asked for an annual review of the wages of the workers. He spoke at a press briefing at Radisson Winter Garden Hotel in Dhaka. ... Read more

H&M purchase to double in five years

Swedish retail giant seeks to buy more garments from Bangladesh H&M, the Swedish retail giant for clothing, will double its annual outsourcing volume from Bangladesh to around $3 billion within the next five years. The biggest outsourcing company for Bangladeshi garment items said they get products at competitive prices from the country. Leaders of Bangladesh Garment ... Read more

H&M chief to visit Bangladesh

Karl-Johan Persson, chief executive officer of the Swedish retail chain H&M, is due in Bangladesh tomorrow to attend important meetings with the readymade garment manufacturers and Prime Minister Sheikh Hasina. Three officials from H&M, including the chief financial officer and chief of global marketing, will accompany Persson for the two-day visit, said Siddiqur Rahman, vice-president of ... Read more