Spread the love

HONG KONG – Bangladesh ready-made garment suppliers are facing total liabilities of almost US$30m in the wake of leading fashion retailers, Hong Kong headquartered Esprit and French-based Camaieu going into administration. The former is offering beleaguered suppliers just 7.5 per cent of the value of cancelled orders while Financière immobilière Bordelaise (FIB), which took over Camaïeu when it went into administration, is now refusing to honour any contracts – leaving suppliers collectively US$15.7m out of pocket.

This is Premium Content

Only user with Online and Print subscription can access this.

If you are a Free Subscriber, click here to upgrade.

If you already have Online or Print subscription Login To Unlock The Content!

Spread the love

Designed and Maintained by Your IT Crew