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H&M Group plans to venture into India

Friday, 19 Apr 2013
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Hennes & Mauritz (H&M) Group, the Swedish apparel retailer arm is planning to enter into Indian market through its legal firm Titus & Co.

H&M GBC and H&M Mauritz International AB are the H&M Group companies which are planning to operate in India. H&M GBC will hold 99 per cent while H&M Mauritz International AB one per cent stake in Indian operations.

H&M through its legal firm Titus & Co plans to enter into India with 100 per cent FDI in single-brand retail trading. The company with an investment of Euro 100 million (approx Rs 720 crore) proposes to open 50 stores in India. It will open retail stores under ‘H&M Retail India’ brand through the proposed private limited company. The company has applied for the approval to sell nine product categories through these stores.


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