Factory fire in Bangladesh brings renewed scrutiny on discounted clothing
Markdowns are advertised at a discount clothing store on November 28, 2012 in New York City. Following a fire at Tazreen Fashions Ltd. factory in Bangladesh in which 112 workers were killed on November 24, renewed scrutiny has been brought upon Western clothing companies and their responsibility for working conditions at their overseas operations. Wal-Mart's Faded Glory brand, Sean Combs' ENYCE label and apparel from the Disney Store are just some of the Western brands that were sewn at the Bangladeshi factory. As American consumers continue to demand bargain prices for clothes, retailers are under increasing pressure to balance safe working conditions with cheap labor costs. (Getty Images)
From underwater mining to luxury yachts, Mohammed Al Barwani has interests in a staggering range of industries. The chairman of MB Holding explains how he built the firm from scratch to become a billion-dollar player.