H&M to sell its brand and its stores for $3.4 billion

H&M is expected to close its remaining stores and reduce its workforce to around 200,000 by the end of the year.The retailer said it will pay $3 billion in cash and stock to buy back its assets, including stores in New York, Los Angeles and Chicago.The deal will also see the retailer acquire stores in Singapore, Australia and Hong Kong, […]

H&M home decor is selling off, but it’s all new!

I got a chance to catch up with H&M founder and CEO, Yves Bouchard, for his thoughts on the market and his vision for the company moving forward.“It’s exciting.We have the opportunity to have a global presence,” he said.“We’re very excited to have this opportunity to make a statement and be a leader in this space.It’s so innovative. “The way […]