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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Hennes & Mauritz AB    HM B   SE0000106270

HENNES & MAURITZ AB

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Hennes & Mauritz : Nordic lifestyle brand ARKET to open in Korea

10/08/2020 | 04:45am EST
News article
Nordic lifestyle brand ARKET to open in Korea

ARKET continues to expand in Asia with the opening of its first store in Korea during 2021. The new physical store will introduce the brand's collections of New Nordic everyday design for men, women, children and the home.

8 Oct, 2020

Based in Stockholm, Sweden, ARKET is a modern-day market and lifestyle destination offering essential products designed to be used and loved for a long time. The collections are curated to simplify good choices and to make everyday life more beautiful. The brand's brick-and-mortar locations also include a seasonal vegetarian café and pastry shop that works to promote New Nordic everyday food.

'Opening the new store in Seoul is an incredibly exciting step for us, as it is our first physical location outside of Europe. We are looking forward to finally bring the full ARKET experience to the Korean market, where our aesthetics and values of sustainable design have had a strong following for many years.'

Pernilla Wohlfahrt, ARKET Managing Director

ARKET was launched in August 2017 and currently has 21 physical stores across major European cities including Copenhagen, Amsterdam, London and Berlin. In 2019 the brand launched a global shopping site and the recent opening of a digital flagship store on China's Tmall platform marked its first online expansion outside of Europe. The brand will announce the location of its' first store in Korea beginning of 2021.

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H&M - Hennes & Mauritz AB published this content on 08 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2020 08:44:05 UTC


© Publicnow 2020
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Sales 2020 187 B 22 296 M 22 296 M
Net income 2020 1 042 M 124 M 124 M
Net Debt 2020 72 344 M 8 624 M 8 624 M
P/E ratio 2020 279x
Yield 2020 1,33%
Capitalization 298 B 35 588 M 35 526 M
EV / Sales 2020 1,98x
EV / Sales 2021 1,73x
Nbr of Employees 179 000
Free-Float 43,6%
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Number of Analysts 25
Average target price 178,27 SEK
Last Close Price 180,05 SEK
Spread / Highest target 19,4%
Spread / Average Target -0,99%
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Helena Helmersson Chief Executive & Operating Officer
Karl-Johan Erling Persson Chairman
Adam Karlsson Chief Financial Officer
Joel Ankarberg Chief Technology Officer
Anders Gunnar Dahlvig Independent Director
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