Hennes & Mauritz

Hennes & Mauritz Q1 profit declines hurt by strong dollar

Hennes & Mauritz's quarterly sales including VAT rose by 9% in domestic currencies. The company's quarterly profit declined 30% as dollar increased over local currencies.

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India approves Swedish retailer H&M's USD115 million investment

India's Foreign Investment Promotion Board has given the green light to Hennes & Mauritz's (H&M) INR7.2 billion (USD115 million) investment. The Swedish retail-clothing company looks to open 50 stores in India.

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