FRANKFURT, Germany — Hennes & Mauritz (H&M), the world's second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some companies to go elsewhere.
CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia’s David Jones Ltd. to challenge fashion retailers Inditex SA, Hennes & Mauritz AB and Fast Retailing Co. in the southern hemisphere.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, is expanding into China’s smaller cities to woo more customers as retail competition intensifies in the world’s second-biggest economy.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported first-quarter profit that rose less than analysts anticipated as the company invested in selling clothing online.
SINGAPORE, Singapore — Cotton On Group, a clothing chain with 1,300 stores globally, said it will invest in China to step up its overseas expansion and challenge the dominance of Fast Retailing Co.’s Uniqlo and Hennes & Mauritz AB.
As global fast fashion giants arrive in Brazil, the market heats up. BoF reports.
STOCKHOlM, Sweden — Swedish fashion retailer Hennes & Mauritz says it has received all the necessary regulatory approvals and plans to open its first store in India in 2014.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported fourth-quarter profit that missed estimates as foreign-exchange effects and product markdowns weighed on results.
STOCKHOLM, Sweden —Hennes & Mauritz, the world's second-biggest fashion retailer, believes there is no conflict between its mission to sell more budget clothes and a drive to improve the environment and working conditions at its suppliers.