H&M signs lease for store in South Africa: report

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(Blank Headline Received)STOCKHOLM (Reuters) – The world's second-biggest fashion retailer, Hennes & Mauritz, has signed its first lease to open a store in South Africa, according to a press report. South African weekly Sunday Times said in an article re-run on daily Business Day's website that the Swedish retailer has signed a lease for a store in a mall that is due to open in 2015 in Johannesburg. An H&M spokeswoman, which has yet to open a store in Africa, said South Africa is one of many markets it finds interesting but declined to comment further. …

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