Economics
European Retailers Scrap $1.5 Billion of Bangladesh Orders
- About 1,089 garment factories have had orders canceled
- Bangladesh has reported 27 virus infections with two deaths
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European and U.S. buyers including Primark, the budget fashion chain owned by Associated British Foods Plc, have canceled about $1.5 billion of Bangladesh garment orders as the coronavirus outbreak roils demand.
As many as 1,089 Bangladesh garment factories have seen orders getting scrapped, Rubana Huq, president of the Bangladesh Garment Manufacturers and Exporters Association said on LinkedIn. That’s impacting lives of 1.2 million workers, she said.