Bangladesh disaster Cheap Clothes for the Masses

Heinz Speet, the chief executive of discount clothier KiK, talks to Handelsblatt about strikes, minimum wages and catastrophes in overseas factories.
Heinz Speet - keeping it cheap at KiK.

Heinz Speet, 56, was trained as a retailer and began his career at food retailer Coop. He switched during the 1990s to the textile sector — first at Takko, finally at KiK. Family-owned retail group Tengelmann owns 80 percent of KiK. Many of its items are shipped via rail, mostly by using German railway operator Deutsche Bahn, which has been beset by strikes.


Handelsblatt: Mr. Speet, can you even bear to hear the word “strike