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Benetton Group To Provide Compensation for Rana Plaza Victims

Italian fashion brand, United Colors of Benetton announced Friday it has agreed to provide compensation through the Rana Plaza Trust Fund, established in early 2014, to further support the victims of the Rana Plaza tragedy and their families.

The Benetton Group is working with an independent, globally recognized third party to define its amount of compensation, which will be announced no later than April 24.

The company’s first step was launching its own support group in partnership with a Bangladesh-based global nongovernmental organization, BRAC, one month after the tragedy. This move has helped support 280 victims and family members in rebuilding a sustainable future.

Benetton Group noted that this next step in support of the Rana Plaza tragedy victims and their families is part of a larger social commitment program by the Group. The details of this program will be announced soon.

The Rana Plaza Factory in Bangladesh collapsed in April 2013 killing 1,132 garment workers and injuring more than 2,500.