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The Lama company was founded in 1929 in San Pedro de Macorís by Pedro Juan Lama, and his wife, Afife Handal, both palestinian immigrants to the Dominican Republic. It was relocated to Avenue Duarte in Santo Domingo in the 1940s. Mario Lama Handal founded Plaza Lama and expanded his shoe business into a department store.
The Alta Gracia factory opened in 2010 [4] as a subsidiary of Knights Apparel. The company was founded with the promise to pays its employees a living wage, as established by the Workers Rights Consortium, for adequate food and shelter, which is about three and a half times the average income of apparel workers in the Dominican Republic.
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But as a consumer you can tell the difference between retail products and outlet mall products. At Banana Republic, specifically made for its outlet stores you will find two diamonds on the label.
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Over the last two decades, the Dominican Republic have been standing out as one of the fastest-growing economies in the Americas - with an average real GDP growth rate of 5.4% between 1992 and 2014. [4] GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. [4]
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The Dominican Republic was the site of the first European settlement in the Western Hemisphere, namely Santo Domingo founded in 1493. As a result of over five centuries of Spanish presence in the island, the core of Dominican culture is derived from the culture of Spain. The European inheritances include ancestry, language, traditions, law, the ...