January 17, 2020 / 7:27 AM / a month ago

H&M to enter Panama in 2020

STOCKHOLM, Jan 17 (Reuters) - The world’s second-biggest fashion retailer H&M said on Friday it would expand to Central America, starting with a first store in Panama at the end of 2020.

H&M, which has 50 online markets and stores in 73 markets currently, said in a statement it would operate in Central America through a franchise agreement with Panama-based Hola Moda S.A.

Reporting by Anna Ringstrom; Editing by Alex Richardson

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