BERLIN, Oct 14 (Reuters) – Inspectors hired by a group of
Western clothing brands have found safety problems at all the
Bangladesh factories they visited as part of an initiative
launched after a building collapse last year killed more than
The Accord for Fire and Building Safety in Bangladesh is
seeking remedial action after identifying more than 80,000
safety issues, while the country’s $22 billion garment industry
grapples with slowing export growth as buyers turn to India,
Myanmar, Vietnam and Cambodia because of concerns over workshop
safety, higher wages and political instability.
PARIS (Reuters) – British online grocer Ocado does not see much room for major food retailers to cut their prices further even as they battle to stop discounters stealing market share, its chief executive said on Wednesday.
Britain’s traditional “big four” grocers have been losing shoppers to German discounters Aldi [ALDIEI.UL] and Lidl [LIDUK.UL] in recent years and are also suffering from a shift from out-of-town boxes to local convenience stores and online.
PARIS (Reuters) – German sportswear maker Adidas, facing investor discontent after a series of profit warnings, plans to return as much as 1.5 billion euros ($1.9 billion) to shareholders over the next three years.
The shareholder return program would be financed mainly from the group’s free cash flow, with buybacks to start in the current quarter and be completed by the end of 2017, Adidas said in a statement on Wednesday.