H&M, the Swedish clothing retailer, will open its first store in Bucharest on March 25 in the AFI Palace Cotroceni shopping center, reports Romania Business Insider. H&M plans to open six stores in the first half of 2011 and hire at least 300 people by the end of the year.
"When we open new stores we take into account factors like number of clients, business locations and business environment. We believe Romania is in the right moment for our development plans, irrespective of the economic crisis," said Pernilla Halldin, H&M spokesperson, quoted by Wall-street.ro.
Read more in the Romania Insider website here.