Ethiopia’s economy hit as major clothing maker closes shop

Ethiopia’s once rapidly growing economy is taking another hit tied to its yearlong war, with global clothing manufacturer PVH Corp. saying it is closing its facility there because of the “speed and volatility of the escalating situation.”

PVH said it is closing its facility after a planned sale was disrupted by the escalating situation in Ethiopia but added it remains committed to its third-party manufacturing partners at the Hawassa park.

Ethiopia’s war and the many reported atrocities on all sides have led some in the business world to press Prime Minister Abiy Ahmed and his government for a cease-fire and humanitarian access to the blockaded Tigray region, echoing efforts by envoys from both the U.S. and African Union.