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Accord to move to Amsterdam if forced to shut down Bangladesh operations

Accord-a group set up by European fashion brands to improve factory safety in Bangladesh plans to move its work to its Amsterdam office if it is forced to shut down in Bangladesh, as the legally-binding contract signed between its brand members extends up to 2021. The group has sought a stay on a court order that calls for its local operations to end this week.

The group’s five-year pact was set to expire in May 2018 but its brand signatories agreed last year to extend it to 2021 to complete remaining safety fixes, while the Bangladesh government set up a national regulatory body to take over its work. A High Court in Bangladesh in May, however, ordered the Accord to shut down by Nov. 30, following a petition filed by a local readymade garments supplier against the pact.

The group comprises more than 200 firms - including global clothing giants such as H&M (HMb.ST) and Zara-owner Inditex (ITX.MC) – who are signatories to the Accord on Fire and Building Safety in Bangladesh, formed after the Rana Plaza factory collapse in 2013, which killed more than 1,100 people.

 

 
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