Swedish clothing giant Hennes and Mauritz (H&M) today announced the launch of its eighth fashion brand as tough market conditions in the US and Central Europe hurt profits. H&M's pretax profit fell to 3.2 billion kronor (335 million euros, $360 million) in ... Business Standard, 1 month ago
Almost two years after it entered India, global fashion retailer Gap struggles to keep up with rivals Zara and H&M. IMAGE: Actor Imran and his daughter Imara. Photograph: Kind courtesy www.gap.in. What ails American fashion giant Gap in India? Just four months short of its second anniversary in the country, the brand is still stuck at the sidelines even as rivals race past with better sales numbers and a larger brand footprint. According to some mall developers that had hoped Gap would ...Rediff.com, 1 month ago
By Nita Bhalla NEW DELHI, March 8 (Thomson Reuters Foundation) - Swedish fashion retailer Hennes & Mauritz (H&M) pledged on Wednesday to encourage its supplier factories across the world to pay workers through mobile money and other digital methods to ensure ...DNA, 1 month ago H&M plans proper pay structures, worker committees in garment factories by 2018 DNA, 2 months ago
Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory making clothes for Swedish fashion retailer Hennes & Mauritz, in one of the most violent labour disputes in Myanmar in years.DNA, 1 month ago
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