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The Boston Globe

Business

Major retailers sign on to Bangladesh safety plan

NEW YORK — Three weeks after a building collapse in Bangladesh that killed more than 1,100 workers, several of the world’s largest apparel companies — including the retailing giant H&M and Inditex, owner of the Zara chain — agreed Monday to sign a far-reaching and legally binding plan that requires retailers to help finance fire safety and building improvements in the factories they use in Bangladesh.

Consumer and labor groups hailed the move by Sweden-based H&M — which is the largest purchaser of garments from Bangladesh — as an important step toward improving factory safety in Bangladesh, saying it would increase pressure on other Western retailers and apparel brands to do likewise.

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