Italian fashion company Teddy Group has committed to stay beside Bangladesh during this coronavirus pandemic mentioning Bangladesh as a trusted partner.
They made this pledge at a virtual meeting, recently took place with the Embassy of Bangladesh in Rome, Italy, said a press release.
The company also informed that they did not have any cancellation or holding order at the moment and gave assurance of this intention if the current production plans and the work environment continued.
Moreover, they would be giving a demand letter of a big amount at the end of this month, the company representative added.
However, they acknowledged that the amount might be slightly less compared to the same season of the previous year due to lower demand currently at global level.
The Embassy of Bangladesh appreciated Teddy for their responsible business conduct and thanked them for setting an ideal example for others.
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 $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.