H&M vows to move forward with global expansion plans

09/25/2009 | Financial Times (tiered subscription model)

Despite weak sales in August, Hennes & Mauritz said it will continue with global expansion plans. Karl-Johan Persson, CEO of the Swedish retailer, expressed optimism about long-term prospects as the company looks to move beyond its European strongholds. Persson said new stores are planned for Russia, Japan, South Korea, the US and Europe.

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