H&M launching new retail chain in 2013

After rumors emerged this week that H&M is planning its first luxury brand, the Swedish retailer confirmed March 29 that a new store chain will be launched in 2013. Following H&M's famous designer team-ups with the likes of Versace and Marni, rumors In its latest three month report, the store confirmed a new store chain will be launched in 2013, although details are still limited. "We are making these long-term investments in order to build an even stronger H&M, so that we can give our customers an even broader offering going forward. We have many different projects in progress