Get ready to see more H&M s around the world!
In addition to launching a new retail chain, the fast fashion retailer announced on Monday they're expanding into the Latin America market and they're doing it BIG.
The first store is scheduled to open in the fall at Mexico City's Centro Santa Fe mall and will be the largest H&M in the world.
Dayum. That's a lot of clothes!
The Swedish chain also plans to expand their presence in Bulgaria, Thailand and Indonesia in 2012, but on a smaller scale.
[Image courtesy of Facebook.]
Tags: bulgaria, centro santa fe, hm, hm stores, indonesia, karl-johan persson, mexico, mexico city, thailand
So they were planning something after all!
Fresh off the heels of that luxury line rumor, H&M announced on Thursday their plans to launch a new retail chain in 2013.
CEO Karl-Johan Persson said in a statement:
"We have many different projects in progress and already next year we will be launching a completely new store chain. Like COS, which today is very successful with good profitability, the new chain of stores will be independent and complement the other offerings from the group. We have great faith in this new brand and we see considerable potential for further initiatives."
That wasn't vague or anything, was it?
Even though the details are minimal, will U be shopping at H&M's new store???
[Image via AP Images.]
Tags: 2013, h and m, hm, karl-johan persson, new retail chain, retail chain