Russian Fashion Giant Explores Bangladesh for Production Shift
WELL WORKRussia's leading clothing brand, Gloria Jeans, is considering relocating part of its production outside the country due to labor shortages. Bangladesh has emerged as a key candidate for this shift. Known for its focus on clothing and footwear, Gloria Jeans plans to close some domestic factories and explore cost-effective alternatives abroad.
Once a favored destination for Russian manufacturers, China has lost its appeal due to significantly higher labor costs compared to countries like Bangladesh and Uzbekistan. A fashion industry insider noted that the lower wages in these regions make them attractive options for companies seeking to optimize production expenses.
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