Nine small and medium-sized garment factories are in big trouble as a German retailer is not paying them on the pretext of being hit by the coronavirus pandemic although the buyer received the goods before the crisis began.
Colloseum bought t-shirts, polo shirts and sweaters worth $15 lakh from the Bangladeshi suppliers between December last year and February this year through its Hong Kong vendor Asia Today Ltd.
The suppliers are Kappa Fashion Wear, Base Fashion Wear, Dynasty Sweater (BD), Bakhrabad Knitting Industries, Anzir Apparels, IRIS Fashions, Gramtech Knit Dyeing & Garment Industries Ltd, Seo Wan Bangladesh and Disney Sweater.
The German retailer owes a few lakh dollars to some buying houses as well.
The retailer is not making …
Read the full article at: https://www.thedailystar.net/business/news/nine-apparel-exporters-tight-spot-german-retailer-yet-clear-dues-1965325
