You're reading: H&M to enter Ukraine’s market in 2018

International retailer Hennes & Mauritz AB (H&M), which owns Europe’s second largest clothing chain, plans to open first outlets in Ukraine in 2018.

“New H&M store markets planned for 2018 are Uruguay and Ukraine,” the company said in a six-month report posted on June 29.

As was reported, H&M plans to enter the markets of Columbia, Vietnam, Iceland, and Georgia in 2017.

Kazakhstan’s first H&M store opened in the middle of March. In the first half of 2017, the company planned to open online stores in Turkey, Taiwan, Hong Kong, Macao, Singapore, and Malaysia.

The company owns the H&M brand, as well as COS, Monki, & Other Stories, and Weekday.