Inditex, H&M agree to pay more for clothes from Cambodia

Fashion brands, including Europe’s biggest clothing retailer Inditex SA (ITX) and Hennes & Mauritz AB (HMB), said they are willing to pay more for clothes made in Cambodia, backing a trade union campaign for higher wages.

The chains are among eight clothing retailers that include Next Plc (NXT) and Primark that have written to Deputy Prime Minister Keat Chhon and to the chairman of the Garment Manufacturers Association in Cambodia saying they are prepared to factor in higher wages in the price they pay for garments made in the country. …

Gabi Thesing