The Swedish owner of the clothing chain Hennes & Mauritz AB (H&M) plans in August 2018 to open the first store in Ukraine in the Lavina Mall trade and entertainment center. “We are extremely happy to finally open our first store in Ukraine! It is a great honor for us to bring style and conscious shopping to Kyiv and inspire fans of fashion for self-expression,” H&M CEO in Ukraine Dominique Fantaccino said.
According to the report, the total area of the outlet will be 2,900 square meters. It will include collections of fashionable clothes, as well as household goods under the H&M Home brand.
H&M was founded in Sweden in 1947. In addition to the H&M brand, the retailer also develops other fashion brands: COS, Monki, Weekday, Cheap Monday, Other Stories and H&M Home, as well as ARKET. The H&M group of companies has 47 online platforms and more than 4,700 stores, including franchising, in 69 international markets. In 2017 the company’s sales amounted to SEK 232 billion (including VAT).