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H&M Hennes & Mauritz opens first store in East Asia
Nordic Business Report, March 9, 2007
NORDIC BUSINESS REPORT-9 March 2007-H&M Hennes & Mauritz opens first store in East Asia(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish fashion chain H&M Hennes & Mauritz AB announced on Friday (9 March) that it is opening its first store in the East Asia region.
The new store will open on 10 March at 68 Queen's Road, Hong Kong.
"We are very proud to open our first store in East Asia, in Hong Kong. China is a strategic and exciting market with great fashion awareness and spending power. We therefore see a vast potential for expansion," said Rolf Eriksen, CEO of H&M.
H&M Hennes & Mauritz, headquartered in Stockholm, Sweden, is an international clothes and cosmetics chain with nearly 40,400 employees in some 20 countries. H&M is listed on the Nordic Exchange in Stockholm.
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