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High St Fashion: Weaving New Threads

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09/09/2014

BBC Radio 4 - High St Fashion: Weaving New Threads

Sarah Butler asks, can the Bangladesh garment industry become ethical and profitable?

A New York firm plans to transform the Bangladesh garment industry by making it ethical and profitable. Sarah Butler asks, can a capitalist solution solve capitalism's failures?

The collapse of the Rana Plaza clothing factory in Bangladesh was the deadliest disaster in the history of the garment industry. It brought about a series of recriminations, alliances, promises and calls for change. 

With Bangladesh's clothing industry, predicted to quadruple in size over the next twenty years, a New York based private equity firm has come up with an idea to make Bangladesh's factories sustainable and efficient - as well as profitable. With backing from the Soros family, Tau Investment Management's plan is a bold one. They aim to provide a capitalist solutions to capitalism's failures.

The Guardian's Sarah Butler travels to Dhaka to meet Tau's owners and asks whether the Bangladesh factory owners need their help.

Producer: Barney Rowntree
A Tonic production for BBC Radio 4.

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