H&M plans to hire 800 in 2018, expand retail presence

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Swedish fashion retailer Hennes & Mauritz (H&M) plans to hire 800 people this year as part of expansion plans of its sales network here, said a top company official. Besides, H&M group, which has a total of nine labels in its umbrella, will not introduce any other brands in India under the current single brand FDI retail policy due to the sourcing requirements. We have 3,500 people working for the retail company and we would hire 800 more this year, H&M India Country Manager Janne Einola told PTI. He added that the new hirings would be for the new stores which the company intends to open here. However, Einola did not share the number of stores, which H&M may open this year but said that it would maintain its pace here. Last year we have opened 17 store and I would continue the same pace this year. It would also depend on the availability of real estate at the locations where we want to go, he added. The Stockholm-based company owns brands which includes