The new H&M store, which covers 1,575 squaere meters, will be located on two floors of Uvertura Mall.
“H&M’s presence in our shopping centre sets solid grounds for our future development,” said Danut Prisecariu, the owner of Uvertura Mall.
“H&M continue their expansion in Romania. After two years of presence on the local market, we are very satisfied with our results and we are glad to see that Romanian customers appreciate high quality fashion at most affordable prices. We are enthusiastic to open new stores in more Romanian cities, so that our products will be reachable throughout the country”, said Lori Orosan, Expansion Manager for Central and Eastern Europe at H&M.
Part of the portfolio of Romanian developer Moldova Mall SA, Uvertura Mall has 15,000 sqm, was 82% leased at the end of 2012, and has all the attributes to become the main attraction for Botosani county and its surroundings. The shopping center is on schedule for the opening planned for the end of March 2013, according to the statement.
H&M was founded in 1947 in Sweden and it has over 2,600 stores on 47 markets, including franchised units.