H & M hires one of its brands ¬ękleinezeitung.at



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Swedish fashion group Hennes & Mauritz wants to discontinue the "Cheap Monday" brand by June 2019.

15:04, 27 November 2018

H & M Discontinues Loss Mark AP

About 80 officials were affected by the measure, the group said on Tuesday. The reason given by H & M was a rapid and far-reaching change in the fashion industry due to the digitization.

As a wholesaler, H & M offers fashion collections and denim clothing as a wholesaler, which resellers resell. The deal had a negative development in sales and profits for a long time, said H & M. Numbers did not name the company.

The London store and Cheap Monday online store are closed at the end of the year, according to the announcement. H & M wants to offer outside advice to affected employees in order to refocus and find another job within H & M.

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