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Hit by Forex Woes, Fashion Giants H&M, Uniqlo Defer India Stores

Uniqlo New York | Source: Covenants
By
  • Emma Clark

"Global fast fashion giants Hennes & Mauritz (H&M) and Uniqlo are deferring their first India store openings citing volatile foreign exchange on account of a plunging rupee and considerably weakened domestic economic sentiments, said people directly aware of the matter."

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