Li & Fung to stick with Bangladesh factories

06/16/2013 |

Hong Kong-based Li & Fung, the world's largest supplier of apparel and toys to retailers, sources about 10% of its apparel from factories in Bangladesh and it doesn't plan to abandon the country after recent disasters highlighted unsafe factories, Chairman William K. Fung said Friday. "We were early in China, India and Vietnam. But it is a process of bringing them [the garment factories] up [to higher standards.] We need to engage them and make sure the government puts in the right regulations. What we can’t do is abandon them."

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