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HELENA HELMERSSON
MNC consumer firms bullish on India despite inflation, global headwindsMost of these companies indicated bullish expansion plans in India which ranked amongst one of their top performing markets playing down an...- Fashion retailer H&M to cut 1,500 jobs in cost-saving driveThe Swedish company, which employs roughly 155,000 people, had launched a plan to save 2 billion Swedish crowns per year in September.
- Russians buy last goods from H&M, IKEA as stores wind downThe racks and shelves were well stocked in the clothing retailer. Nearby shops were closed, including Zara, Oysho, Bershka, Pull and Bear a...
- H&M says to wind down business in RussiaThe company suspended its business in Russia in early March following Moscow's invasion of Ukraine. Russia was H&M's sixth biggest market a...
- H&M profit jumps as shoppers hit stores after pandemicThe Swedish company reported a pretax profit of 4.78 billion crowns ($471 million) for its fiscal second quarter, up from 3.59 billion a ye...
- H&M says profit up by $1.2 billion as world opens up again"As more and more people are vaccinated and restrictions are eased, the world is gradually opening up and customers can once again visit ou...
- Get out of sweatpants: Spring fashion is changing; bold colours, light fabrics set the pandemic moodFloral prints, feel-good slogans and statement jewellery can jazz up working-from-home outfits.
- H&M swings to deep loss in Q2 as pandemic weighsH&M said sales so far in June were down 25% in local currencies.
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