The fashion group H & M is hiring one of its brands
STOCKHOLM. Swedish fashion company Hennes & Mauritz (H & M) wants to close its mark with losses from Monday to June 2019.
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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