Asia Pacific, Bangladesh, Business, Coronavirus outbreak, Fashion industry, Garment workers, Global economy, Retail industry, South and Central Asia, South Korea, US news, World news
Anger at huge shareholder payout as US chain Kohl’s cancels $150m in orders
Retailer paid $109m in dividends just weeks after cancelling clothing orders, leaving suppliers in Bangladesh facing financial crisis
Kohl’s, one of the US’s largest clothing retailers, cancelled millions of dollars worth of existing orders from Bangladeshi and Korean garment factories just weeks before paying out $109m (£85m) in dividends to shareholders, the Guardian can reveal.
The company cancelled orders of clothing worth approximately $100m from Korea and $50m from Bangaldeshi factories after the Covid-19 pandemic struck, and refused petitions from suppliers asking for the option to renegotiate payments.
＼ 最新情報をチェック ／
