Italy’s Teddy Group promises to ‘stay beside Bangladesh’
Italian fashion company Teddy Group has committed to stay beside Bangladesh during the pandemic, saying that Bangladesh is a trusted partner.
At a virtual meeting -- recently organised by Bangladesh embassy in Rome, Italy -- Teddy Group said they did not have any cancellation or holding order currently, and assured of continuing business with Bangladesh, if work environment continues.
The company said it would order for a major supply of clothes at the end of this month.
However, it said the amount might be slightly less than that of the same period of the previous year, due to lower global demand, said a statement of the embassy on Thursday.
They hope the situation will be normal within three or four months.
The embassy appreciated Teddy for its responsible business conduct and assured its readiness to extend any kind of support to the company.
Teddy Group is one of the top fashion companies in Italy, founded in 1961. They have over 600 stores in 40 countries.
Bangladesh is a top business hub for the company, from which it sources more than USD 200 million worth of apparel products per year. It set up an office in Bangladesh in 2004, where 80 people work.
Bangladesh Embassy in Rome has taken an initiative to hold meetings with the top 10 Italian importers of apparel products from Bangladesh, to make sure business operation during the pandemic continues and Bangladesh can strengthen long-term partnership with Italian businesses.
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