India a key mkt; targeting 10-15% sales globally: H&M

H&M is here to stay in India, said the company’s Country Manager Janne Einola. The Swedishh company entered the country a year and a half back and have 14 stores so far.

Two new stores, one in Bengaluru and another in Hyderabad are expected to open soon.

Speaking to CNBC-TV18’s Timsy Jaipuria, Einola said that India is one of its key market. “Our business idea and quality at the best price in a sustainable way works in India market,” he added.

Talking about the company’s global strategy, Einola said that it is targetting 10-15 percent increase in sale.  H&M India already made profits in its first year and the trend is likely to continue going ahead.Watch video for more.