Swedish fashion major H&M to foray India

Swedish fashion retail giant H&M has started work on entering India. This US$15-billion Hennes & Mauritz AB (H&M) began business development talks with India’s leading mall developers and corporates with interests in fashion, as it looks to open the first stores within 24 months. They said H&M has had recent meetings with mall developers like Phoenix and DLF, besides holding talks with ITC Group and Mukesh Ambani’s Reliance. Entry of H&M in India will mark a new milestone in the retail segment where signage companies dealing in mall or in-shop displays will get boosted their business to a new height.