By  on May 15, 2013

LONDON — Britain’s Arcadia Group, parent of brands including Topshop, Topman, and Miss Selfridge, said Wednesday it will sign the binding Bangladesh fire and safety accord with unions, despite doing a small amount of business in the country.

“As a large clothing retailer, we were deeply saddened by the recent events in Bangladesh, and our thoughts are with all of those affected,” the company said.

Arcadia said that Bangladesh represents a small percentage of its total supply chain. Topshop’s purchases from Bangladesh are less than 25,000 pounds, or $29,430 at current exchange, to date this year.

“However, in order to show support for the initiative that this accord is proposing to undertake, we as a group will be signing up.  This will be done on the condition that we understand the final costs to us, which to date has not been made clear.


RELATED CONTENT: As Europeans Sign On, U.S. Retailers Divided Over Bangladesh Accord >>

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