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Related Keywords: company owned outlet, H&M, Hennes & Mauritz AB, InOrbit Mall, international fashion retailer, opened sixteenth and first store in Hyderabad, set to increase its strength in India, Swedish multinational clothing retail company, twenty plus stores

H&M (Hennes & Mauritz AB), the Swedish multinational clothing retail company and international fashion retailer opened its 16th and first store in Hyderabad on Saturday. The company-owned outlet will occupy two floors spread over 33,000 sq ft in InOrbit Mall.

Janne Einola. Its country manager said that H&M, which entered India 18 months ago, has been doing well. They earned₹194 crore with a modest profit of ₹1.4 crore in 2015-16 through Indian operations and is set to increase its strength in India to 20-plus stores by opening half a dozen new ones by December 2017.

Related Keywords: competition heats up between fastfashion giants, demonstrate commitment to the environment, H&M will also work to reduce more greenhouse gas emissions, Hennes & Mauritz AB, pledge to use only recycled or green materials in its products, steadily ramping up its green initiatives

Hennes & Mauritz AB has been steadily ramping up its green initiatives as competition heats up between fast-fashion giants to demonstrate their commitment to the environment with a pledge to use only recycled or green materials in its products by 2030. H&M will also work to reduce more greenhouse gas emissions than it emits, with the aim of becoming climate positive throughout its entire value chain by 2040.