H&M to complement existing physical and digital stores in India with Myntra and Jabong partnership
(PRESS RELEASE) STOCKHOLM, 29-Mar-2019 — /EuropaWire/ — H&M India and e-commerce platforms Myntra and Jabong announce partnership.
Myntra and Jabong Head, Amar Nagaram comments: “We are extremely delighted to partner with H&M, one of the world’s leading fashion brands, and host them on Myntra and Jabong. As India’s leading fashion destination for international brands, this partnership will allow millions of online shoppers across the country to access and experience the best of H&M and have it delivered at their doorsteps”
In 2015 H&M opened its first store in India. To this day H&M has 41 stores in the country with net sales amounting to about 1.4 billion Swedish kronor for the financial year 2018. H&M launched its online store and the H&M app in India in 2018.
H&M CEO, Karl-Johan Persson comments: “India is a growth market with large potential and we look forward to making our brand available to new customers across the country. Myntra and Jabong will be an important complement to H&M’s existing physical and digital stores in India”
SOURCE: H & M Hennes & Mauritz AB
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