expansion
H&M profits soar as 3,000th store launched
Swedish fashion retailer Hennes and Mauritz (H&M) announced a 22 percent net increase in profits for the third quarter Thursday and predicted continued expansion in China.
Snow and a strong krona dampen H&M profits
Sweden's budget fashion giant H&M has cited disappointing sales and exchange-rate woes as factors behind a drop in net profit, and said the lingering winter will take a swipe at its spring collections.
Massive expansion dampens H&M profits
Swedish clothing retailer H&M said Wednesday that its net profit rose by 6.6 percent to 16.9 billion kronor ($2.7 billion) in 2012 and that it increased its market share despite a difficult operating environment.
Volvo to add 10,000 staff: CEO
Swedish automaker Volvo, owned by China's Zhejiang Geely, plans to hire a further 10,000 new staff in the coming years, its chief executive said in an interview to be published Monday.
Sweden's Ikea to double Chinese stores by 2015
Swedish furniture giant Ikea announced plans to more than double the number of stores it has in mainland China in the next five years, state media reported on Thursday.
Ikea owner 'distressed' over Russian expansion
Iconic Swedish furniture giant Ikea's founder, Ingvar Kamprad, is "distressed" by the company's troubled expansion into Russia after a review of its operations in Russia revealed major shortcomings.
Volvo and Geely clash on China expansion
Volvo Cars and its Chinese owner Geely appear headed on a collision course regarding Volvo's expansion in China, the Financial Times reported late on Thursday.
Publisher Metro launches in three new French cities
Swedish media company Metro International has launched in three new French cities and will boost distribution in Paris starting next month.