H&M paused orders in Myanmar following navy coup
Says has no direct hyperlinks to Myanmar’s navy
Says mulling tips on how to deal with any potential oblique hyperlinks
Provides element, background
STOCKHOLM, Could 17 (Reuters) – Swedish trend retailer H&M HMb.ST mentioned on Monday it was regularly starting to position new orders once more with its suppliers in Myanmar after a brief pause following the navy coup within the nation in February.
“With our choice we need to keep away from the upcoming threat of our suppliers having to shut their factories which might inevitably end in unemployment for tens of 1000’s of garment staff,” it mentioned in an emailed assertion.
H&M mentioned that after due diligence, it had concluded the corporate had no direct hyperlinks with the navy in Myanmar. “We at the moment are on the lookout for authorized steerage on tips on how to deal with any potential oblique hyperlinks worldwide corporations could have.”
The world’s second-biggest trend retailer in March mentioned it was shocked by way of lethal pressure in opposition to protesters in Myanmar and that it had paused inserting orders within the nation.
Shortly after the navy seized energy, it was among the many 55 international buyers in Myanmar who signed an announcement committing to the nation and workers there throughout developments of “deep concern”.
It mentioned on Monday it remained deeply involved in regards to the state of affairs in Myanmar.
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(Reporting by Anna Ringstrom; modifying by Niklas Pollard)
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