Swedish clothing retailer Hennes & Mauritz (H&M) will shortly opening 50 wholly-owned-single-brand-retail stores across India, as submitted its application to Foreign Investment Promotion Board (FIPB). The company had a Plan to make an investment of Rs. 7.2 billion in India as part of its expansion plans in the emerging countries, including India and China. The brand may offer something new to Indian consumers in terms of fashion apparels, including their quality and prices, currently, the company has 2,800 stores spread across 49 markets and India will be 50th market for the brand.
Source – Indian Retailers
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