An H&M-store in Stockholm. Photo: Jessica Gow / Scanpix.

H&M to open first store in India in 2014

The Swedish fashion chain H&M is planning to open its first store in India during 2014, according to a press statement from the company.

"It is a very interesting market with a lot of potential," says CEO Karl-Johan Persson in the statement.

It is not revealed which town it will open in. This autumn, the chain will also open its first stores in Australia and the Philippines.

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