Pursuits
Wal-Mart to Lend $50 Million to Improve Bangladesh Safety
This article is for subscribers only.
Wal-Mart Stores Inc. said it is lending $50 million to Bangladesh factory owners, joining global retailers in a push for safer plants in the country after the April collapse of a garment complex killed more than 1,000.
The loan is part of a combined amount of more than $100 million that a group of North American retailers, including Wal-Mart and Target Corp., pledged in a pact announced in July.