GXO claims Wincanton takeover will not hurt UK food retailers
The world’s largest pure-play contract logistics operator (PPCLO), GXO, has argued that its intended acquisition ...
© Tea
Major retailers are cancelling or postponing orders, putting Bangladesh’s garment industry, the country’s top foreign currency earner and employer, in jeopardy.
The value of order cancellations up to yesterday reached $124m – but the industry expects more to follow.
The top buyers so far forced to cancel or withhold orders include C&A, Zara, Pull and Bear, Baby Shop, Blackberrys, Inditex and Primark.
Apparel manufacturers say that just after Covid-19 hit China, they faced a shortage of raw materials, which disrupted their production.
Prices of ...
Comment on this article