Retailers Plan Bangladesh Factory Inspections Under Safety Pact

Inside a Bangladeshi garment factory | Source: Reuters

ZURICH, Switzerland — A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.

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Chinese Malls Waive Rents as Vacancies of 30 Percent Loom

TaiKoo Hui Mall, Guangzhou, China | Source: Shutterstock

BEIJING, China —Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies.

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