DHAKA - Edinburgh Woollen Mill Group (EWM Group) is considering legal action against the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) over claims it owes manufacturers £27 million in unpaid bills.
The retail group, owned by billionaire businessman Philip Day, insists it has paid all moneys owed and that the trade body's accusations were “old figures, completely baseless and without merit”.
The BGMEA accepts that the figure is outdated and that EWM Group has paid some debts - but insists it still owes some suppliers for raw materials bought to fulfil orders. Reports say that EWM is on the brink of collapse and has lodged a notice of intention to appoint administrators as it attempts to lure in potential buyers.
