TOKYO — Fast Retailing Co. Ltd. , the corporate parent of Uniqlo, said it is launching an initiative to produce low-cost clothing and create jobs for the people of Bangladesh.
The Japanese company is forming a joint venture with Grameen Healthcare Trust, a subsidiary of microcredit organization Grameen Bank. The initiative, called Grameen Uniqlo Ltd., will develop and produce inexpensive clothing and sell the items to low-income families within Grameen Bank’s network.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)