As Myanmar opens up after decades of isolation, cheap labor is drawing a rush of garment manufacturers to the former pariah state. [This article was originally published by Glammonitor. Just five years ago, Myanmar was isolated from the rest of the world. Considered a pariah state, the Southeast Asian nation was ruled with an iron […]
Why Gap Is Opening Factories in Myanmar
Apparel retailer Gap (NYSE: GPS ) — the parent company of Old Navy, Gap, Banana Republic, Athleta, and Piperlime — is headed to Myanmar, the country formerly known as Burma. Gap will be the first American retailer to enter the country since the former military nation transitioned into a democracy three years ago. Gap has […]
GAP Inc Taps Myanmar’s Apparel Industry
American clothing and accessories retailer Gap Inc said it plans to produce apparel at factories in Myanmar, making it the first major US apparel retailer to enter the impoverished Southeast Asian nation’s lucrative garment industry. The US Embassy in Yangon said products made at two Yangon factories would be in Gap stores by this summer. […]