If you have a passion for fashion and dream of starting your clothing business, selecting H&M as your brand of choice could be a highly profitable decision. In this comprehensive guide, we’ve covered almost every single thing which is important for opening an H&M franchise in your city.
What’s H&M clothing brand?
H&M, officially Hennes and Maturity AB, has earned a global popularity in becoming a beloved clothing brand for all ages of men, women, youth, and even children. Its widespread appeal goes beyond borders, with people from different cultures and places enthusiastically patronizing it’s fashion offerings. H&M has earned recognition for its impressive versatility, offering variety of clothing to suit a diverse range of customers.
Whether you’re a fashion-forward individual, a professional seeking office attire, or a family looking for affordable and stylish options, H&M caters to all. The brand’s commitment to inclusivity and affordability has endeared it to millions, making H&M a household name synonymous with accessible and fashionable clothing worldwide.
This iconic fashion retailer caters to people of all ages, from men and women to teenagers and even children. In fact, it’s challenging to find someone anywhere in the world who isn’t familiar with this renowned brand.
Hennes and Mauritz had their beginnings with a Swedish businessman named Erling Persson. The H&M we know today had a different start. Initially, Persson established it as a women’s clothing store in 1947.
Around 20 years later, Erling Persson acquired a hunting equipment retail company called Mauritz Widforss. He combined the names of both brands, resulting in the company we now know as H&M.
H&M has a global footprint, with over 3,700 stores in nearly 60 countries. The company extends its retail presence into various Asian nations, including India and Pakistan. H&M holds the distinction of being the second-largest clothing retailer, following Inditex, the parent company of Zara.
Does H&M franchise?
It might be hard to believe, not just for you but also for many others, that the search term “H&M franchise” is one of the most frequently searched fashion-related keywords on Google.
This leads us to the fact that there is significant interest among many individuals in owning an H&M franchise. However, it’s important to note that H&M has stated multiple times that it does not franchise its stores and has no plans to adopt franchising as an expansion model in the foreseeable future.
In a nutshell, the company’s statement regarding franchise opportunities has come several times to reach the sad conclusion that you and others who wish for the same, can’t open an H&M franchise.
Does H&M franchise?
Yes, H&M does offer franchise opportunities in India and anyone interested for it should have around 50 lakhs-2 crore to open its franchise. There is a need for infrastructure requirement as well as you would need 1000 sq ft for a shop unit. Apart from it, you will be paying around 2-5 lakhs for franchising fees.
