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Uniqlo, H&M to launch at Mall of India?
Posted On: 10-05-2013 10:16:00 AM

As per a report in Mint, Japan’s Uniqlo and Sweden’s Hennes and Mauritz (H&M) are moving closer to finalizing anchor store space at DLF’s 1.8 million sq. ft Mall of India in Noida’s Sector 18, even as they wait for approvals from the government to enter the Indian market. The mall. Located across the road from Great India Place by Unitech, is said to be opening in the next six months or so.

Hennes and Mauritz, known for its relatively affordable fashion wear, is awaiting a government decision on the Rs.700 crore foreign direct investment (FDI) proposal that it made last month. The company is said to be planning its store spread across two floors in a 30,000 sq. ft area at the Noida mall. Uniqlo, which is expected to enter India through a joint venture with Arvind Brands, is also said to have blocked anchor store space in the same mall. Uniqlo and H&M compete with labels such as Inditex-owned Zara and American casualwear retailer Gap Inc.

 
 
 

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