Key Developments: H & M Hennes & Mauritz AB (HNNMY.PK)
7.14USD
2:23pm EDT
$-0.02 (-0.28%)
$7.16
$7.16
$7.24
$7.13
27,126
89,772
$7.60
$5.67
Latest Key Developments (Source: Significant Developments)
H & M Hennes & Mauritz AB Appoints Ernst & Young AB as Auditor
H & M Hennes & Mauritz AB announced that its Annual General Meeting elected the accounting firm Ernst & Young AB as the Company’s auditor for a four-year period, i.e. until the end of the 2017 Annual General Meeting. Ernst & Young reports that authorized public accountant Asa Lundvall will be the auditor-in-charge. Full Article
H & M Hennes & Mauritz AB Announces Details on FY 2011/2012 Dividend
H & M Hennes & Mauritz AB announced that its Board has proposed a dividend to the shareholders of SEK 9.50 per share for fiscal year 2011/2012. The Board of Directors has proposed April 26, 2013 as the record date. If the resolution is passed, dividends are expected to be paid out by Euroclear Sweden AB on May 2, 2013. Full Article
H & M Hennes & Mauritz AB Aims To Set Up Shop In India-Reuters
Reuters reported that H & M Hennes & Mauritz AB will apply to open stores in India, as it seeks to expand into faster-growing markets. The Indian government has been pushing through reforms to allow foreign retailers into the country to help stimulate the economy. Like Swedish furniture maker IKEA, which is waiting for its own application to be approved, H&M hopes to cash in on a growing urban middle-class with a strong demand for western-lifestyle products. Full Article
H & M Hennes & Mauritz AB to Open Store at Mall in Romania's Botosani-SeeNews - The Corporate Wire
SeeNews - The Corporate Wire reported that the Uvertura Mall in Romania's northeastern city of Botosani has signed a lease agreement for the opening of a H & M Hennes & Mauritz AB store in the spring of 2013, real estate company DTZ Echinox, the mall's manager, said. The 1,575-square-meter-store, which will be located on two floors of the commercial center, will be the twenty-fourth location of the Company in Romania, DTZ Echinox said in a statement. Part of the portfolio of Romanian developer Moldova Mall, Uvertura Mall has a gross leasable area of 15,000 square meters and was 82% pre-let at the end of 2012. The commercial center is on schedule for an opening planned for the end of March 2013. Full Article
H & M Hennes & Mauritz AB Proposes FY 2011/2012 Dividend of SEK 9.50 per Share
H & M Hennes & Mauritz AB announced that its Board of Directors proposes a dividend of SEK 9.50 per share for the financial year 2011/2012. This is unchanged from financial year 2010/2011, when the Company also paid a dividend of SEK 9.50 per share. Full Article
H & M Hennes & Mauritz AB Signs Partnership with Tomas Berdych
H & M Hennes & Mauritz AB announced that it has signed a long-term partnership with the international tennis player Tomas Berdych. Currently ranked sixth in the world, the Czech-born Berdych will be an ambassador for H&M both on-court and off, and will work with the H&M design team on a tennis collection which will debut in stores later on. Full Article
H & M Hennes & Mauritz AB's Collection of Style Opens Store in Dubai
H & M Hennes & Mauritz AB announced that after the launch of COS, Collection of Style, in The Avenues in Kuwait, COS and M.H. Alshaya, one of the international retail franchise operators, continue expansion across the Middle East with its first store opening in Dubai in spring 2013. The new store will be located within the Dubai Mall. Full Article
H & M Hennes & Mauritz AB Opens First Store in Serbia and Other Countries
H & M Hennes & Mauritz AB announced that it has decided to open its first store in Serbia, in the capital Belgrade, during autumn of 2013. Other new markets for H&M during 2013 are Chile, Estonia, Lithuania and via franchise in Indonesia. Full Article
H & M Hennes & Mauritz AB Announces New Brand & Other Stories to Launch in Ten European Countries
H & M Hennes & Mauritz AB announced that the new fashion brand & Other Stories, within the H&M Group, will launch its first collections during spring in seven cities and through an online store on stories.com in ten European countries. During spring & Other Stories is launching its stores in Barcelona, Berlin, Copenhagen, London, Milan, Paris and Stockholm. Moreover an online store launches on stories.com in Belgium, Denmark, Finland, France, Germany, Italy, The Netherlands, Spain, Sweden and the United Kingdom. The new fashion brand & Other Stories will be offering women a wide range of shoes, bags, accessories, beauty and ready-to-wear. The lines are diverse, ranging from masculine tailoring to feminine chic and are designed to provide endless styling choices. Full Article
H & M Hennes & Mauritz AB Extends Collaboration with UNICEF; Launches New All for Children Collection
H & M Hennes & Mauritz AB (H&M) announced that it is extending its All for Children collaboration with UNICEF, the United Nations Children's Fund, to include Bangladesh. In total H&M will contribute USD 7.99 million to the project, which is H&M's main donation to community investment to date. All for Children is the name that H&M gives to the long-term projects that H&M supports to promote education and better health for children in countries where H&M operates. The project in Bangladesh will run from 2012 to 2017. The project goal is for approximately 40,000 children aged from three to 14 years in targeted slums around Dhaka to have improved access to education, basic life skills and social protection services. The expected long-term impact of the project is to contribute to overall poverty reduction and improved livelihoods for families, and in a wider context to improve social development in Bangladesh. In addition, on October 18, 2012, H&M will launch a new All for Children collection. 25% of all sales from this collection will go to UNICEF's work with All for Children in Bangladesh. Full Article
UPDATE 1-Cold weather hampers H&M April sales
* Same-store sales up 1 pct vs consensus forecast +5.6 pct
Earnings vs. 
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