Italian company 'Teddy' to support Bangladesh RMG

Teddy Group, a fashion company in Italy, has committed to staying beside Bangladesh during this coronavirus pandemic mentioning Bangladesh as a trusted partner.

They made this commitment at a virtual meeting with the Bangladesh Embassy held recently in Rome, Italy.

The company also notified in the meeting that they currently have no cancellation or holding order and provided assurance of this intention if the current production plans and the working environment continue.

In addition, they would be giving a demand letter of a big amount at the end of this month, said the Ministry of Foreign Affairs quoting the company representative.

They acknowledged, however, that the amount might be slightly less compared to the same season of the previous year due to lower demand currently at a global level.

But, they hope the situation will be normal within three or four months, subject to the pandemic situation.

The Embassy of Bangladesh appreciated Teddy for their responsible business conduct and thanked them for setting an ideal example for others.

The Embassy assured its readiness to extend any kind of support to the company.
Teddy Group is one of the top fashion industries in Italy founded in 1961. It has six brands including Terranova, Calliope and Rinascimento.

They have over 600 stores in 40 countries. Bangladesh is a top business hub for them from which it sources more than USD 200 million per year apparel products.

They set up an office in Bangladesh in 2004 where, currently, 80 people including two Italian nationals are working.

Bangladesh Embassy in Rome has taken an initiative to hold meetings with the top 10 Italian importers of apparel products from Bangladesh for the sake of continued business operation during the coronavirus pandemic and to strengthen the long-term business partnership.