Hennes & Mauritz overtakes rival Zara to become India’s largest clothing brand

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November 1, 2020

Written By Sagar Malviya, ET Bureau

Swedish fashion retailer Hennes & Mauritz (H&M) has overtaken its main rival Zara to become India’s largest clothing brand by revenues in FY19-20, helped by aggressive store expansion and lower pricing.

H&M expanded sales 28% to Rs1582 crore during the year ended March 2020, according to its latest filing sourced from Altinfo, a data insights firm. In comparison, Inditex Trent, a joint venture with Tata that runs Zara

Source: economictimes

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