DHAKA - A Bangladeshi garment factory has shared a letter from fashion giant Arcadia in which the company threatens to cancel completed orders which have already been shipped - unless suppliers agree to a 30 per cent discount.
Ian Grabiner, CEO of Arcadia which operates brands Topshop, Topman, Miss Selfridge, Burton and Evans, said that with stores closed because of the COVID-19 pandemic the company had stores full of clothes it could not sell.
In his 'private and confidential' letter to suppliers, including Mostafiz Uddin, owner and managing director of Denim Expert Ltd, Grabiner explained that Arcadia had reserved the right to cancel orders without compensation if it was unable to use the goods because of reasons beyond its control.
