Global apparel buyers cancelled or held work orders of about $3.2 billion when coronavirus arrived. Dhaka Tribune traced the Bangladeshi suppliers of Arcadia and the majority declined to go on record for the report for fear of reprisal from the buyers. “Arcadia restored the work orders and took the products it had cancelled when the pandemic began. Regardless of Arcadia’s fate, its Bangladeshi suppliers though would have their investment stuck for the foreseeable future. Earlier in April, another British high street titan Debenhams had filed for administration, leaving its Bangladeshi suppliers waiting for payment upwards of $66 million.

Source: Dhaka Tribune November 28, 2020 18:33 UTC