H&M plans on opening 50 stores in India
By VJ Media Bureau | Vjmedia Works | 2 | April 30, 2013
The Swedish global fashion chain plans to invest $100 million to tap the increasing Indian middle class segment.
"It's too early to divulge further details on the entering the Indian marketâ€, the H&M spokesperson said, even as they gear up to cater to India's growing middle-class segment.
H&M, is known for its fast-fashion clothing for men, women, teenagers and children and currently exists in 49 countries with over 2800 stores. H&M is the second Swedish retailer after furniture company IKEA Group to seek India's permission to set up shop.