The worlds leading clothing company H&M Group, announced that it joins the Uniting Business and Governments to Recover Better statement, the latest initiative of the UN Global Compact.
- The Recover Better statement, signed during the COVID-19 global crisis by around 150 companies, is a call to action for Governments and policy-makers to reimagine a better future grounded in bold climate action.
- It is in extraordinary situations, such as this current pandemic, that we see how interconnected human health and planetary health are.
- COVID-19 has had devastating effects on people and their livelihoods, disrupted supply chains and deepened inequalities, whilst at the same time we continue to face a global climate emergency with irreversible effects for people and all the natural systems we depend on.
In April 2020, Hennes & Mauritz (H&M), announced that its Nordic lifestyle brand ARKET will open a digital flagship store on Alibaba Groups B2C e-commerce platform Tmall in 2020. The ARKET is a modern-day market and lifestyle destination offers essential products for men, women, children and the home.
In March 2020, A first-of-its-kind COVID-19 Solidarity Response Fund is initiated to raise money to support the work to prevent, detect, and respond to the COVID-19 pandemic. The aim is to ensure all countries are prepared, especially those with the weakest health systems. The non-profit H&M Foundation now commits 500,000 USD to the funds lifesaving work.
In January 2020, H&M Group has signed a franchise agreement with Hola Moda S.A. in Central America. The first H&M store is set to open in Panama at the end of 2020.
Hennes & Mauritz (H&M) is global clothing company, based in Sweden. H&M brands offer a wealth of styles and trends within fashion, beauty, accessories and homewares as well as modern, healthy food. H&M has around 5,000 retail stores in 74 markets around the globe. The company is a global design company employing around 179,000 people. The H&M group’s major brands are H&M, COS, Monki, Weekday, & Other Stories, Cheap Monday, H&M Home, ARKET and Afound.