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H&M To Expand

By FashionUnited

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High street retailer Hennes & Mauritz plans to open 51 shops, with the biggest part of the expansion taking place in Germany with eight openings, the UK and Poland with six each, Spain with five openings and Norway with 4 openings.

The H&M Group has further acquired the American clothing chain GAP's German subsidiary. H&M Group takes over all of GAP's 10 stores in Germany including employees. Take-over date is August 1, 2004. The store will be converted into H&M-stores with expected opening under H&M management during the autumn. During 2004, approximately 140 new stores will be opened and ten will close.

H&M