Japan UNIQLO Works With The Poor Bank To Launch Low Price Clothing
Japan's largest casual wear brand "UNIQLO" operating company, Japan's fast retailing company announced in July 13th that it will cooperate with Bangladesh's Grameen Bank to set up a company in the country.
low price
Clothing planning and sales.
Bangladesh is one of the poorest countries in the world.
The two sides hope to use UNIQLO in Bangladesh's factories to produce about $1 each for Bangladesh's domestic market, and to recruit manpower and commission sales through the network of Grameen Bank.
This will improve the quality of life of local people and increase employment opportunities.
The company's profit making sector will be used to expand business reinvestment and plan to create 1500 jobs in 3 years.
According to the news, the new company
register
The funds will amount to $100 thousand, of which the fast retailing company will contribute 99%.
The new company is temporarily named "Grameen UNIQLO" and is scheduled to be established in October this year.
Founded in 1974, Grameen Bank started from $27 in small loans. In just 30 years, it developed into a huge rural banking network with about six million borrowers, which changed the fate of the poor and alleviated social contradictions.
In view of its original and effective way to help the poor, the bank is known as "
Poor bank
The Nobel Prize Committee of the Royal Swedish Academy of Sciences awarded the 2006 Nobel peace prize to Bangladesh banker, Mohamed Jonas and the Grameen Bank.
On the 13 day when the two sides announced the establishment of a joint venture company, Mohamed Jonas, President of Grameen Bank, said with anticipation, "we make use of the technology of UNIQLO to make more people who are suffering from cold clothing solve the problem of dressing."
"Well, Bangladesh has a huge product market," said Liu Jing, President of fast marketing company.
But only those companies that really benefit the country can survive. "
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