Lamiya Morshed, Executive Director at Yunus Centre, has said it is sad to see a decision to close Grameen-Uniqlo’s outlets in Bangladesh soon after a great success.

"We accept Uniqlo’s decision with a heavy heart," she said in a statement, adding that they have been very happy with this example of the success of a global Social Business undertaken by a popular global company.

Lamiya said they are very sorry that Grameen Uniqlo has decided to close down its business.

It has been a well-known popular global brand marketed globally through Uniqlo's stores, particularly through their unique super stores in mega cities all over the world, Lamiya said.

These products attracted global attention along with the message of Social Business, she said.

The global clothing brand will close all 10 of its stores in the country by 18 June this year, said a press release.

"In view of Bangladesh’s significant economic development in recent years, as well as changes to its business environment, we have determined that our company has fulfilled a certain role and has decided to conclude its business activities," it said.