• Most Popular
  • Most Shared

Fashion chain H&M to open stores in Israel

Tue Dec 9, 2008 2:09am EST

Stocks

   

STOCKHOLM, Dec 9 (Reuters) - Swedish fashion retailer Hennes & Mauritz (HMb.ST) said on Tuesday it had entered into a franchise agreement with Match Retail Ltd to open stores in Israel. The company said in a statement the first H&M store in the country was planned to open in 2010. H&M said Match Retail Ltd was a privately owned company founded by the Horesh family for the exclusive purpose of handling H&M in Israel.

"There has been a great interest in H&M from the Israeli market for quite some time and we believe that our business concept will suit the Israeli market well," H&M Chief Executive Rolf Eriksen said in the statement.

"Through this co-operation we will gain access to our franchise partner's solid franchise experience and business network on the Israeli market." (Editing by David Holmes)



More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    A man looks at a YouTube page in a file photo. REUTERS/Peter Jones

    Would you pay for YouTube?

    The most visited video site in the U.S. is weighing the idea of giving paid subscribers access to premium TV shows and movies. But betting on the future of online content isn't easy.  Full Article 

    MEDIA
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures