BE Magazine

Monthly business magazine
News Snippets
10
News Snippets
British Asian Trust launched
The British Asian Trust, a leading South Asian development organization founded by the Prince of Wales, has
bee officially launched in Bangladesh recently. The Bangladesh Advisory Council of the British Asian Trust
is chaired by Mr. Shayan F Rahman. The trust is known for its pioneering work in social finance. The British
Asian Trust has been addressing poverty in South Asia, working primarily in the fields of education, livelihoods,
anti-trafficking and mental health.
Coca-cola to invest $200mn
Multinational beverage giant Coca-Cola has planned
to invest US$ 200 million in Bangladesh in the next
five years. They plan to invest $50 million in 2020,
and the rest in the following 4 years. Brian Smith,
President and Chief Operating Officer (COO) of Coca-
Cola, recently visited Bangladesh and confirmed this to
Industries Minister Nurul Majid Mahmud Humayun
MP. Bangladesh is a potential market and Coca-Cola
would like to expand its production to increase supply
to the rural areas. Coca-Cola would produce beverages
with different levels of sugar, in Bangladesh.
Lee Cooper in Bangladesh
UK-based lifestyle brand Lee Cooper is about to
enter the Bangladesh market. Express Leather
Products Limited, the local franchise, is going
to front-end this global fashion brand and
is eying to tap the country’s growing middle
class. Lee Cooper is a global lifestyle brand
operating in more than 100 countries with 65
global partners, in retail sales across a multifascia
distribution of wholesale or retail stores
as well as in digital outlets. In Bangladesh, Lee
Coopers’ store will concentrate on the footwear
and apparel segment.
Monthly business magazine
december, 2019