H&M announces Central America expansion

H&M is growing its international presence. The Swedish trend brand, which is already obtainable in 74 retailer markets and 51 on-line markets round the world, will launch in Central America later this yr.

By means of a brand new franchise agreement with Hola Moda S.A., a brand new H&M retailer will open in Panama on the end of 2020. Hola Moda S.A. is a privately owned firm that operates worldwide trend brands throughout the Central America region. A press statement from the H&M Group stated that Hola Moda has "in depth retail expertise and market knowhow."

“We are honoured and thrilled by the chance to convey H&M to Central America, providing the communities we serve with unmatched style and high quality at the most effective worth," commented Hola Moda president Mehdi Beneddine. "This alliance is particularly necessary for us, because it provides our workforce the opportunity to work along with H&M in promoting sustainability in our business and area."

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