Today, we are going to provide you the most helpful information about H&M company franchise in this post. We have tried to address and clear almost every doubt that might arise in your mind regarding H&M franchise. Some of the questions that you might want to be answered are:
- Is H&M a franchise?
- How much cost am I supposed to bear in order to open an H&M franchise?
Keep reading on folks because we have already prepared ourselves to give the best answers to both of the above questions in this article. However, before we get into the explanation, let’s briefly give you a brief overview of the H&M company.
Hennes & Mauritz AB, popularly known as H & M is the best clothing company that produces a wide selection of clothes for men, women, teens and even for children. In fact, it’s hard to spot out any one nowadays who’s not familiar with this iconic fashion retailer.
1. H&M history
Erling Persson in 1947 commenced Hennes as a women clothing store. However, 20 years after he acquired Mauritz that used to sell menswear and hence the mixture of two brands gave rise to H&M company later.
H&M has a worldly presence. It runs more than 3700 retail stores in around sixty countries that include some Asian nations like India, Pakistan etc as well. H&M was also ranked as the second largest clothing retailer after Inditex, the parent company of Zara.
Let’s now help you learn about H&M franchise.
2. Does H&M franchise?
Does H&M company provide franchise opportunities? It is one of the most looked up fashion related keywords in Google search engine. H&M, not just one but several times has spoken out clearly that neither it rolls out franchising opportunities nor the company is planning to consider it in years that are yet to come.
In short what we intend to tell you is that it is impossible for aspiring people like you and others who share same interest to open a buy an H&M franchise unit.
3. How much does H&M franchise cost?
Your second question ” how much do I need to incur for opening an H&M franchise? is itself an invalid question since there is no franchise opportunity that is being offered by H&M. There is no way out except that you need to wait until the company decides to go for adopting the model of the franchising.