Fast Fashion Bigwigs Catch Up With ZARA To Expand Business Layout

Fast fashion giant H&M will continue to exert power.

H&M has announced the expansion of its e-commerce layout. Next year, e-commerce websites will be launched on 8 markets in Belgium, Bulgaria, Czech, Hungary and Poland.

In addition, the group said it will open up India next year.

South Africa and other four new markets.

H&M's three quarter earnings report showed that the gross profit of the company was 22 billion 627 million Swedish kronor, an increase of 20% over the same period last year, and the post tax profit increased by 20% to SEK 5 billion 296 million.

But H&M said the September Chinese e-commerce website grew rapidly.

H&M competitor ZARA has landed on Tmall in October, and Karl-Johan Persson, chief executive of H&M group, said H&M may also take the road, but will focus on the brand's own channels for the time being.

It is understood that ZARA began selling clothing online in 2010 and has launched Internet sales business in 23 markets worldwide last year.

At present, H&M has 3300 stores in the world, and e-commerce websites are launched in 13 countries, including those just launched in September.

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In addition to China, this year's H&M e-commerce website also landed in France, Italy and Spain.

George Bhai Er 50 million purchase Hao Xiang costumes 60% stake

George White announced on Wednesday that the company intends to invest no more than 50 million yuan and acquire Lin Shouwang's 60% stake in Qujing Hao Xiang Garments Co., Ltd. through equity pfer.

Hao Xiang clothing business scope is the production and sale of clothing and accessories, hardware and electrical appliances, daily general merchandise, needle textiles, leather fur feather products sales; as of August 31, 2014, Hao Xiang's total assets of 185 million yuan, net assets of 36 million 604 thousand and 700 yuan; business income of 24 million 435 thousand and 700 yuan.

11 million 807 thousand and 800 yuan.

Georges White said that if the equity acquisition can be completed, it will be conducive to the pfer of company capacity to the industries in the central and western regions of China, reduce labor costs, thereby ensuring the customer's professional delivery date, and lay a good foundation for consolidating and expanding the market share of the main business of the company.