H & M Hennes & Mauritz AB announced that it has decided to open its first store in Serbia, in the capital Belgrade, during autumn of 2013. Other new markets for H&M during 2013 are Chile, Estonia, Lithuania and via franchise in Indonesia.
Belgrade
Gap has opened its first Banana Republic store in Russia, in Moscow's AfiMall City. In related news, the company will open its first Gap store in Belgrade, Serbia today.
Gap plans to open stores in Serbia and Ukraine later this year, as its continues to expand its international operations. The chain said it's signed new deals with existing franchise partners that will put Gap stores in Belgrade and Kiev.
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