The deadly blaze at the Tazreen factory was
followed by the collapse of a Bangladesh building that housed
factories last year in which more than 1,130 people died. The
deadly incidents have raised scrutiny over conditions at
factories that produce clothes for retailers worldwide.
Bangladesh is the second biggest clothing exporter after China
in the $22 billion export business.
"The events in the last 18 months, particularly as it relates to
worker safety, caused us to rethink our role in the global
supply chain," Rick Darling, executive director of government
and public affairs at Li & Fung, told the paper an interview.
Li & Fung's business unit plans to provide buyers and factories
with consulting services, financing and insurance to help meet
safety standards, the paper said.
Li & Fung, headquartered in Hong Kong, is a buying agent for
retailers including Wal-Mart Stores Inc <WMT.N> and Target Corp
<TGT.N>. Clothing sourced through the company was found in the
remains of the Tazreen factory fire, it said.
(Reporting by Richard Leong in New
York; editing by Jeffrey Benkoe)
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