LPP to maintain BD operations amid FES payment row
Bangladesh, Aug. 12 -- Polish apparel giant LPP has reaffirmed its commitment to maintaining secure, stable, and uninterrupted business operations across Bangladesh after its recent announcement to temporarily reduce certain sourcing operations here.
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The company, which sources $700 million worth of garments annually from more than 350 factories in Bangladesh, also clarified that it was not the legal debtor nor the party legally obliged to make payments for the disputed contracts and invoices involving FES Retail.
The confirmation and clarification came after the apparel apex body -- Bangladesh Garment Manufacturers and Exporters Association (BGMEA) -- and LPP SA on Monday issued a joint statement to address and clarify pu...
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