H&M news and archive

H&M partners with DBS Bank to fund decarbonisation efforts

Apparel group H&M has partnered with one of Southeast Asia's largest banks, DBS Bank, to offer financing solutions to businesses along the supply chain to drive decarbonisation. The duo has established a joint financing programme that has been developed to provide suppliers with access to finance from DBS and technical support from...

BusinessFeatured

H&M to increase unit prices for suppliers in Bangladesh

Swedish fast fashion giant H&M is understood to have told its suppliers in Bangladesh that it would be upping its unit prices following the recently announced minimum wage increase for garment workers in the region. The company reportedly said that it would “absorb the increase in wages” in its product prices, becoming one of the first retailers...

RetailFeatured

Shein will soon be bigger than H&M and Zara

Chinese fast fashion giant Shein is poised to surpass both H&M and Zara in revenue this year, with the retailer reporting 23 billion dollars in earnings for 2022, as per data from the Wall Street Journal. The substantial growth in sales anticipated for 2023 further solidifies this position. In the initial three quarters alone, Shein's revenue...

Business

Marks & Spencer, H&M and Adidas in Forbes best companies for women 2023 ranking

How do you define the best companies for women? Those who take the initiative for their well-being and development? According to Forbes magazine, these are companies that offer flexible working arrangements, skills development programmes, family leave options and a mission that is aligned with women's empowerment. This list of criteria is, of...

Fashion |Beauty

H&M relaunches make-up range with Raoúl Alejandre

Fashion retailer H&M is reimagining its H&M Beauty cosmetics range for autumn 2023 in partnership with renowned make-up artist Raoúl Alejandre. The relaunched own-branded H&M Beauty make-up line rolls out this month with a new range of mascaras, blush, and lipsticks, offering new high-quality vegan formulas that are “sleeker and better than ever...

Business

H&M to launch green bond

H&M in 2021 launched a 500 million euro sustainability bond with the fast fashion retailer stating at the time it received significant bond market attention for its sustainability initiatives. On Monday the Swedish conglomerate said it is launching a green bond, a type of bond where funds are linked to specific projects. Fast fashion brands have...

BusinessFeatured

Zara, H&M and American Eagle: Fashion responds to Israel-Hamas situation

On October 7, members of Palestinian militant group Hamas stormed southern Israel in an attack that lasted several hours and claimed thousands of victims. Hamas is recognized as a terrorist group by countries including the US and UK. Following the attack, Israel launched retaliatory air strikes on the Gaza Strip, which is controlled by Hamas....

Business

H&M introduces new equestrian brand, strikes GCL partnership

H&M has unveiled a new equestrian sports lab within its conglomerate, through which it will begin offering a contemporary and functional line of apparel for horse riders from autumn. Dubbed ‘All in Equestrian’, a name derived from a famous horse ‘H&M All In’, the brand was described as a “natural continuance” of H&M’s relationship with the...

Fashion |In Pictures Featured

H&M unveils Rabanne as its latest designer collaboration

Swedish fashion brand H&M has confirmed that its next designer collaboration is with Puig-owned Spanish luxury label Paco Rabanne, which rebranded as Rabanne earlier this summer. The collaboration was announced during Paris Fashion Week with an event at the legendary Silencio nightclub, attended by celebrities, including American singer and...

BusinessFeatured

H&M: Q3 profits widen, but warm weather hurts September sales

Swedish fashion giant H&M has reported a jump in profit in the third quarter, but said recent sales have been hurt by unusually warm September weather across key markets. The group, which owns its namesake label along with Cos, Monki, and Weekday, among others, made a net profit of SEK 3.3 billion (285.1 million euros) in the quarter ended...

H&M and Central Saint Martins team up for sustainable fashion and journalism award

H&M has partnered with Central Saint Martins to offer grants to students in the BA Fashion Design and BA Fashion Communication Journalism courses. The grants, building on previous support in 2021, aim to nurture emerging sustainable fashion leaders. Four winners, three from the Fashion Design course and one from Fashion Communication Journalism,...

Retail

H&M introduces fee for online returns

H&M has become the latest retailer to introduce return fees for online purchases. The Swedish fashion giant has begun charging shoppers 1.99 pounds per returned parcel, which will be deducted from their refund amount. However, H&M members can still return items for free. An H&M spokesperson told the BBC the move was introduced in the summer....