Chief of Hennes & Mauritz (H&M) to visit Bangladesh

   Chief executive officer of H&M (Swedish retail chain), Karl-Johan Persson will available in Bangladesh on 03-09-2012 to attend meetings with the readymade garment manufacturers.

  Bangladesh is an important outsourcing destination for H&M. So they are increasing their purchase orders every year from Bangladesh. 

As the biggest buyer of Bangladeshi ready made garment products, H&M thanks to its annual purchases (nearly USD 1.5 billion), which has overtaken Walmart. It has approximately 2,600 stores around the world. Including H&M, it operates under five different brands- Monki, Weekday, Cheap Monday and COS.

   Along with making factory tours, Karl-Johan will hold important meetings with the BGMEA leaders and the Prime Minister Sheikh Hasina. H&M’s official will discuss issues surrounding the RMG sector of Bangladesh. Including the CFO (chief financial officer) and chief of global marketing, three officials of H&M will accompany Karl-Johan for the two-day visit.