H and M, Zara face major disruptions as Bangladesh garment factories shut down amid political crisis
etimes.in / Aug 08, 2024, 09:33 (IST)
Following the unexpected resignation of Prime Minister Sheikh Hasina, the Bangladesh Garment Manufacturers and Exporters Association announced the shutdown of all garment factories. This has disrupted major global brands like H&M and Zara, highly dependent on Bangladeshi production. The political unrest raises concerns over significant impacts on inventory levels and sales in the global retail market.