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24 Nov 2023

Shemona Safaya, Just Style

H&M becomes first major fashion brand to commit to raising prices to support wage increase for Bangladesh supply chain workers

H&M Storefront

"H&M increases prices paid to its Bangladesh garment suppliers" Nov 24 2023

Founder & CEO of Bangladesh Apparel Exchange, Mostafiz Uddin has confirmed to Just Style he received a letter from Swedish fashion retailer H&M stating it is increasing prices paid to garment manufacturers in-line with the recent rise of minimum wages in Bangladesh.

Uddin claims H&M has become the “first” global brand to increase unit prices for garment manufacturers to support this increase in wages, adding that the brand plans to absorb the rise in costs via product prices.


H&M did not return request for comment when approached by Just Style.

Part of the following timelines

Global: Garment workers face mass layoffs, suspended employment & reduced working hours as suppliers report reduced & cancelled orders from brands amid cost-of-living crisis

Bangladesh: Struggle for higher minimum wage for garment workers ongoing