H&M Vietnam launching in 2017
In this article (5)
International fashion brand H&M Vietnam (Hennes & Mauritz) has signed for its first store openings next year.
No further details have been released by the Swedish fast-fashion company, which will also move into Colombia, Iceland, Kazakhstan and Georgia next year.
Founded in 1947, H&M’s business credo is to offer fashion and quality at the best price in a sustainable manner.
Other brands in the H&M Hennes & Mauritz group include & Other Stories, Cheap Monday, COS, Monki and Weekday, as well as H&M Home. The H&M Group has more than 4200 stores in 64 markets, including franchise markets.
It’s debut in Vietnam was widely expected after rival brand Zara launched in Ho Chi Minh City in September, achieving the highest first day sales of any store globally.
Questions & Answers
Q.Which other H&M Group brands might launch in Vietnam in the future?
Which other H&M Group brands might launch in Vietnam in the future?
The article lists & Other Stories, Cheap Monday, COS, Monki, Weekday, and H&M Home as other brands within the H&M Hennes & Mauritz group. However, it does not specify which, if any, will launch in Vietnam.
Q.What is the H&M business philosophy?
What is the H&M business philosophy?
H&M's business credo, as stated in the article, is to offer fashion and quality at the best price in a sustainable manner. This approach guides their operations in various markets.
Q.How many stores does the H&M Group operate globally?
How many stores does the H&M Group operate globally?
The H&M Group currently operates more than 4,200 stores worldwide. These stores are spread across 64 different markets, which include both owned and franchise locations.
Q.Why was H&M's entry into Vietnam anticipated?
Why was H&M's entry into Vietnam anticipated?
H&M's debut in Vietnam was widely expected because rival brand Zara had already launched in Ho Chi Minh City in September. Zara's launch achieved the highest first-day sales globally for any store.
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