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HM REVENUE AND CUSTOMS
Myntra announces End of Reason Sale starting May 29Myntra's 24th End of Reason Sale begins May 29. Millions of customers can shop over 6 million styles. Emerging brands will debut new collec...- 7,400 stores, $147 billion fortune, zero interviews; meet the most powerful man in fashion you never seeAmancio Ortega built the Zara empire from a small clothing job in Spain to a global retail business worth billions. Today, Inditex operates...
- How the Rs 700 crore Libas brand is taking on Zara and H&MFrom fast fashion and global aspirations to diversified product categories and lightbulb moments, Keshwani elucidates the journey that help...
- UK asks govt to recover tax from Indian bizmanThe British tax office has requested India to recover unpaid taxes from an Indian businessman now settled in India, utilizing an uncommon t...
- Unclaimed Child Trust Funds of £2,212 might be lost by almost 670,000 young people.HMRC advises over 670,000 young people aged 18 to 22 to claim their unclaimed Child Trust Funds (CTFs), which have an average account balan...
- Swedish retailer H&M to bring home décor products to IndiaH&M will roll out its home products as a store-in-store in its outlet in Ambience Mall in Vasant Kunj in New Delhi and the world’s second l...
- H&M sales down 11%; still India’s largest fast fashion brandH&M posted sales at Rs 1,402 crore during 2020-21, down from Rs 1,582 crore in the year ago, according to its latest filing.
- Beginning of a global tax war? UK starts scrutinising multinationals for tax evasionThis is set to create a tug of war between tax authorities of large economies such as the US, China, UK, India and other European countries...
- Hennes & Mauritz overtakes rival Zara to become India's largest clothing brandH&M expanded sales 28% to Rs1582 crore during the year ended March 2020, according to its latest filing sourced from Altinfo, a data insigh...
- Levi's, H&M report sharp fall in India Q3 sales as pandemic continues to hurt businessH&M posted a 58% drop in its India revenues at Rs 183 crore during the quarter ended August against Rs 433 crore a year ago while Levi's sa...
- H&M narrows gap with Zara on the back of new stores, low pricesThe Indian unit of the world’s second biggest clothing chain posted sales of Rs 1,237.7 crore last fiscal, compared to Rs 893 crore a year ...
- Property worth over Rs 13k cr attached, how far will it go, asks MallyaMallya also claimed that the banks' lawyers in England have objected in writing to his paying "my legitimate tax dues to HMRC which I reque...
- India leads UK's Scotch whisky exports boomThe customs figures also show the volume of exports of the exclusive drink from Scotland increased by 5.6 per cent to almost 558 million bo...
- Hennes & Mauritz India posts sales growth of 40% in FY18The brand had opened its first India store in October 2015, competing mainly with Spanish chain Zara, which entered in 2010.
- Malls pressurize big brands for minimum guaranteed paymentsMalls have also refused to pay half the goods and services tax (GST); they used to pay 50% of the service tax on rentals.
- H&M to open first store in Bengaluru on March 25Spread over 2 floors and encompassing a space of more than 30,000 square feet, the new location will offer a wide variety of the latest fas...
- Malls opt for global brands as Indian brands Lifestyle, Pantaloons, Westside have outlived utilityIndia's successful malls say multi-products and multi-brand chains (Westside, Shoppers Stop and Lifestyle) have outlived their utility.
- H&M continues to fall behind Zara stores in expansion driveH&M offers online shopping to customers in eight markets around the world: Sweden, Norway, Denmark, Finland, Germany, the Netherlands, Aust...
- Barclays investigated for alleged tax dodgingBritain's tax office said it is investigating claims by a whistleblower that Barclays PLC, the country's third largest bank, has allegedly ...
- HM Revenue & Customs to cut over 3,000 jobsHM Revenue & Customs, which is responsible for collecting bulk of revenue, paying tax credits and child benefits, has said it will close mo...
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