No further details have been released by the Swedish fast-fashion company, which has also previously announced plans to launch its first stores into Colombia, Iceland, Kazakhstan and Georgia yet this year.

Founded in 1947, H&Ms business credo is to offer fashion and quality at the best price in a sustainable manner.

Other brands in the Hennes & Mauritz group include & Other Stories, Cheap Monday, COS, Monki and Weekday, as well as H&M Home. The H&M Group has more than 4200 stores in 64 markets, including franchise markets.