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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ6Q0C7_L.jpg“Inditex is in the process of a phased and responsible exit from Myanmar, following IndustriALL’s call,” a company spokesperson wrote in an email. “As a result, we continue to reduce the number of active manufacturers in the country.”
Inditex did not give a timeline for its exit. It does not publish a list of suppliers, so it was not immediately clear how many factories in Myanmar were supplying the fast-fashion giant.
Myanmar, a major producer of garments for Western brands and retailers, has been run by a military junta since a February 2021 coup.
News site Sourcing Journal reported last month that Inditex planned to exit Myanmar.