Swedish retailer Hennes & Mauritz (H&M) is set to open its first store in India on October 2 in New Delhi.
Located at the Select Citywalk Mall in South Delhi, the company said the store is spread across 25,000 sq ft. The fashion retailers will offer women’s, men’s, teenagers’ and children’s apparel & accessories. The company hopes to open the second store in the city by the end of the year.
“This is the best time to be in India, it is H&M’s 60th and highly anticipated market with so much potential in retail. We hope to exceed customer expectations with our varied range of inspiring fashion that lets them explore their personal style,” said Janne Einola, Country Manager, H&M Hennes & Mauritz Retail Pvt. Ltd. India, in a statement.
The company has said in the past that it will be looking to open about 50 stores in India over the next few years. The company had got a nod from the FIPB for an investment proposal of Rs 720 crore to set up its single brand retail stores in 2013.