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The fashion group H & M is recruiting one of its brands
STOCKHOLM. The Swedish fashion company Hennes & Mauritz (H & M) wants to end its brand at a loss Cheap Cheap by June 2019.
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About 80 employees were affected by this measure, the group said Tuesday. The reason given by H & M was a quick and profound change in the fashion industry due to digitization.
As a wholesaler, H & M offers fashion collections and denim clothing as a wholesaler that retailers then resell. The company has a long history of negative sales and profits, said H & M. The numbers did not name the company.
The London store and the Cheap Monday online store are closed at the end of the year, according to the announcement. H & M wishes to provide external employees with external advice to reorient itself and find another job within H & M
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