H&M looking to open in South America and Australia
Like me, have you looked on with envy when H&M partnered with the likes of Karl Lagerfeld, Viktor & Rolf and most recently Sonia Rykiel? If so, the Swedish high street chain has hope for their Sourthern Hemisphere fans – they are looking to open stores in Brazil and Argentina, and have also “looked at” Australia. According to a piece in Bloomberg, H&M’s chief executive officier Karl-Johan Persson saud the company is looking to tap into the emerging-market growth in the southern hemisphere – where, the article noted, they don’t have an stores situations south of the equator due to the seasonal differences.
And for those located in India, H&M have no immediate plans to enter the sub continent because of operational restrictions on foreign ownership, but they would like to enter the market at some point.
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BLOGLOVIN
Imagine! That would be so great… I love H&M and, as you mentioned, the designers special collections are amazing. The only problem is that you have to be the first one to shop when the collection is in store because in few hours all the stock is gone. It’s also the war with the other girls! Did you hear something about Zara, are the”looking at” Australia? xoxo
i hope H&M opens in Australia real soon!