Two of the world's largest apparel companies, H&M and Inditex announced on Monday that they would sign on to a plan that will require them to help finance fire safety and building improvements in their Bangladeshi factories. H&M is the largest purchaser of apparel from Bangladesh. PVH, which owns brands like Calvin Klein and Izod has signed on to an earlier version of the plan, and said that it would support this expanded version as well. Worker advocates praised the companies for signing on to the plan, and said that they hoped other companies will follow them. The announcement comes three weeks after the collapse of a building in Bangladesh killed more than 1,100 workers.
See "Major Retailers Join Bangladesh Safety Plan", Steven Greenhouse, The New York Times, May 12, 2013