Are Exiting Brands Making Myanmar's Labor Conditions Worse? [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
into a bloody civil war that has resulted in the deaths of thousands of civilians, Khaing Zar Aung has been urging fashion's biggest names to divest their business or else risk legitimizing—even upholding—the junta's dictatorial regime. The president of the Industrial Workers Federation of Myanmar, who lives in exile overseas, has been partway successful. By August 2023, H&M Group and Zara owner Inditex , two of the world's largest apparel purveyors, announced their intention to join the likes of Aldi South, C&A, Mango Primark Lidl Marks & Spencer Tesco Uniqlo owner Fast Retailing and Muji parent Ryohin Keikaku in phasing out operations in accordance with IndustriALL Global Union's responsible exit framework, though neither offered a timeline. More from Sourcing Journal Canadian Ombudsperson Closes Hugo Boss Uyghur Forced Labor Probe Levi's to Work With 'Union-Busting' Turkish Factory on 'Conditional Basis' European Parliament Gives Final OK to CSDDD, Forced Labor Regulation
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