Clothing brand Grameen Uniqlo on Monday abruptly shut down all their 10 outlets in Bangladesh, including eight in the capital, ahead of their June 18 scheduled closure, citing stock unavailability.
"We regret to inform you that all our stores must close permanently on May 30 due to stock unavailability," said the website of the brand, a joint venture of Japanese multinational retail company Fast Retailing Company Ltd and Grameen Healthcare Trust.
"Though we previously announced stores would close on June 18, we experienced overwhelming support over our clearance sale campaign. All stock at all stores has now been sold out, ahead of our previously-announced date," it said.
The company opened in 2010 with the aim of responding to social issues such as poverty, health and education in Bangladesh through a clothing business.