Rana Plaza Fund reaches 30 million dollar goal | RetailDetail

Rana Plaza Fund reaches 30 million dollar goal

Rana Plaza Fund reaches 30 million dollar goal

More than 2 years after the Rana Plaza collapse in Bangladesh, the victims and their families can finally get compensations. Thanks to an anonymous donation, the 30 million dollars goal has been reached, the Clean Clothes Campaign revealed.

"Finally pay the victims"

The International Labour Organization (ILO) created the Rana Plaza Donors Trust Fund in order to pay for the medical costs and the loss of income for the victims of the Rana Plaza disaster and their families. Back in November 2014, the coordination committee said it would need 30 million dollars to cover for the 5,000 claims.

 

Brand and chains have waited a long time to contribute, which meant that two years after the disaster another 2.4 million dollars was needed to get to the 30 million dollar mark. An anonymous donor has now paid for that deficit.

 

"More than two years after the Rana Plaza collapse, we can finally pay the victims and their families. This is a major victory, but it has taken way too long", Sara Ceustermans (part of the Flemish branch of CCC) said. "The fact that it has taken tremendous pressure to force brands and chains that have a joint 20 billion dollar profit every year to gather 30 million dollars, goes to show that the initiative to do business ethically cannot be handled by the fashion industry itself. Helping victims should be an obvious step, not something that only happens after pressure from the general public."

 

The case is also finally advancing in a legal sense as 41 people, among whom the owner, were sent to court in early July. Over 1,100 people perished in the disaster.

Questions or comments? Please feel free to contact the editors


Colruyt Group beats expectations

19/06/2018

A solid holiday season allowed Belgian Colruyt Group to raise its market share and even keep its profit margins at the same level - contrary to expectations. The company also posted another online growth, meaning online is now worth 370 million euro.

Makro Belgium "in intensive care", new business plan should remedy

18/06/2018

A more professional product range and a return to bigger packages: that is how Makro Belgium wants to return to better ways. Its CEO Vincent Nolf admits the chain is currently "in intensive care", but hopes to see improvement already next year.

Online supermarket Wink.be throws in the towel

18/06/2018

The Belgian Louis Delhaize Group has decided to terminate its online supermarket Wink.be. The company was started in 2013, but never even came near reaching the break-even point.

Alter’Native Food: A place apart at the upcoming SIAL Paris !

14/06/2018

(Advertorial) From 21st to 25th of October, Paris will be the world's food capital. 7,200 French and international exhibitors will be presenting their innovations among 21 exhibitions sectors.

Jumbo starts Belgian daughter company

13/06/2018

Dutch supermarket chain Jumbo has made another important step towards its expansion in Belgium: it has founded the company "bvba Jumbo Belgium".

Agreement at Carrefour Belgium: fewer redundancies, no store closures

13/06/2018

Trade unions and management have finally reached an agreement at Carrefour Belgium, which will be presented to the employees later this week. An early retirement scheme has however shocked some of the political parties.