H&M to open first store in India
Hennes & Mauritz (H&M) is to open its first store in India in April, the Swedish clothing giant announced yesterday as it becomes the latest to take advantage of the opening of Asia’s third-largest economy to foreign operators. The retailer, which said last year it plans to spend around €100m (£82m) on an initial 50 stores in India, received final approval from the Indian government in December to invest in the country. H&M has not yet decided where the first store will be opened.