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H&M may pass Marks & Spencer

Swedish Hennes & Maurits is just behind the British Marks & Spencer in the ranking of the Europe’s largest clothes chains and it may just pass the British institution.

H&M has had incredible success since the 1990s, among the shoppers as well as on the stock exchange. The Swedish clothes chain is now looking at pushing British Marks & Spencer down from the top as Europe’s largest clothes chain.

Several experts claim H&M will surpass the British giant next year, reported the Swedish paper Aftonbladet. H&M turnover is only NOK 2 billion (USD 326.6 million) behind Marks & Spencer’s NOK 46 billion (USD 7.5 billion).

According to the experts, it is Hennes & Mauritz’s effective distribution and special focus on design, like the collaboration with Karl Lagerfeld, which ensure the company’s success.

H&M sells clothes and make-up through 1006 stores in 20 countries, and the chain opens 140 new stores this year.

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