Bangladesh Wire

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17 North American brands and retailers have released the "The Bangladesh Worker Safety Initiative" intended as a "complement" to the EU Accord. It's a binding five–year pact that provides a minimum of $42 million in funds to improve worker, fire, and factory safety conditions in Bangladesh. It also calls for "100 percent of the alliances' factories in Bangladesh within the first year" among other things. Stay tuned for more. [WWD]