"As one of the world’s most innovative fashion companies, H&M is a perfect fit for Alibaba’s Tmall platform," said Michael Evans, president of Alibaba group. "We are honoured to expand our cooperation with H&M and host their flagship store, enabling H&M brands to engage with our half a billion consumers."
"We are very happy to be able to make H&M even more accessible in mainland China. Tmall is an important complement to our existing physical and digital stores. We see great potential for substantial future growth and Tmall will be an important part of this," said Karl-Johan Persson, chief executive officer of the H&M group.
H&M opened its first store in mainland China 10 years ago. Today H&M group revenues in China amount to SEK 11 billion (approximately $1.3 billion) in more than 500 physical stores and online. (RR)
Fibre2Fashion News Desk – India
| On 29th Jan 2022
The EU recently filed a case at the World Trade Organisation against...
| On 29th Jan 2022
The Philippines missed the January 1 effectivity of the Regional...
The International Labour Organisation (ILO) and the Bangladesh...
Luxury is not just about high prices but ability to create desire
India-EU FTA will provide EU with better access to a huge & rapidly...
Good tidings expected for textile industry
One of the first few Indian denim brands, Spykar, established in 1992, was ...
Founded by three partners of French origin in 1988, LC Waikiki started its ...
A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...
Jaanuu, a vertically integrated e-commerce company, has reimagined the...
From May 14 to 17, international exhibitors will present the entire...
University of Rhode Island
Assistant professor Daniel Roxbury and former URI graduate student...
Label Archana Jaju
<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Label Gavin Miguel
Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.