H&M to open first store in India

Swedish multinational retail-clothing company Hennes & Mauritz is to expand its presence to India, with the launch of the first store in the nation’s capital Delhi.

The move follows H&M’s announcement in 2013 to invest around INR7bn ($109.3m) to open 50 single-brand retail stores in India.

Spread over an area of around 25,000ft², the proposed store will be located in Select Citywalk mall in Delhi, besides other foreign fashion brands including Zara, Mango, Tommy Hilfiger and GAP.

H&M Hennes & Mauritz Retail India country manager Janne Einola said: “This Fall, fashion will have a brand new address in India: from a world-class shopping destination to sustainable and quality fashion offerings at the best price, we are excited to present the complete H&M experience to our Indian customers.”

Currently H&M operates more than 3,600 stores in 58 markets across the globe.

The retailer generated around $22.33bn in sales last year.