H&M to Open Stores in Israel
Swedish retailer Hennes & Mauritz, or H&M, is teaming up with Match Retail Ltd. to open stores in Israel. The first franchise location is slated to open in 2010.
H&M said Match Retail Ltd was a privately owned company founded by the Horesh family for the exclusive purpose of handling H&M in Israel.
"There has been a great interest in H&M from the Israeli market for quite some time and we believe that our business concept will suit the Israeli market well," H&M Chief Executive Rolf Eriksen said in the statement.