H&M to bring new labels to London
The Swedish fashion giant H&M is to bring three of its brands to the UK – in another boost to the UK's struggling retail market.
The young fashion brands Monki, Weekday and Cheap Monday are in talks with Carnaby Street owner Shaftesbury to take over a former Boots shop. But it is going head to head with a stateside fashion retailer for the coveted spot.
H&M, which also owns the more upmarket Cos, bought 60 per cent of the shares in the parent company of Monki, Weekday and Cheap Monday in 2008. H&M has around 2,300 stores globally. It has also agreed a deal to sell the Monki brand in Selfridges from next month.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies