EconomyForex

H&M says it will ‘phase out’ sourcing from Myanmar

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LONDON — The world’s second-biggest fashion retailer H&M  has decided to gradually stop sourcing from Myanmar, it told Reuters on Thursday, as reports of labor abuses in garment factories in the country increase.

H&M became the latest brand to cut ties with suppliers in the country after Zara owner Inditex, Primark, Marks & Spencer and others.

“After careful consideration we have now taken the decision to gradually phase out our operations in Myanmar,” H&M said in an e-mail to Reuters.

“We have been monitoring the latest developments in Myanmar very closely and we see increased challenges to conduct our operations according to our standards and requirements.” — Reuters

Neil Banzuelo




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