UPDATE 2-Fashion retailer H&M to launch in Brazil
(Adds quote from H&M)
COPENHAGEN, July 17 (Reuters) – Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday.
H&M opened its first store in Latin America in Mexico in 2012, and is currently present in Peru, Uruguay, Chile, Colombia, Ecuador, Guatemala, Panama, and Costa Rica.
“With a population of over 210 million in Brazil and a strong appreciation for fashion, there is considerable potential for expansion in the market,” H&M said in a statement.
To support its expansion in Brazil, H&M is partnering with Dorben Group, which runs retail operations across…