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The homecoming: “House of H&M” unveils a new chapter on Shanghai’s Huaihai Road

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The homecoming: “House of H&M” unveils a new chapter on Shanghai’s Huaihai Road


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September 10, 2025

In a significant return that feels both like a homecoming and a rebirth, H&M is set to officially reopen its flagship store at its original location on Shanghai’s Huaihai Road. On Sept. 9, 2025, this re-engagement with a landmark site, which originally housed the brand’s first mainland China store, is more than a simple relocation.

“House of H&M” is a space featuring an H&M&Café, an H&M Flower Shop, an H&M&SPACE for exhibitions, and an H&M Live-Streaming Studio. – Credit: H&M

As H&M’s first brand experience center, the “House of H&M” redefines the boundaries of a traditional store with a 3,000-square-meter retail space. Beyond offering a full product lineup, the new location will feature a variety of unique elements, including an H&M&Café, an H&M Flower Shop, an H&M&SPACE for exhibitions, and an H&M Live-Streaming Studio. This immersive and surprising space is designed to provide consumers with a comprehensive and distinctive brand experience.

Madame LV, president of the Huaihai Road Economic Development Association, spoke highly of the grand opening of the “House of H&M.” She noted that H&M’s contribution helps align with local consumer behaviors and drives the economic upgrade of the commercial district, while simultaneously building an elegant and fashionable retail destination.

She also added, “Through collaborating with Chinese designers and launching new collections, H&M is driving a deeper co-creation between international brands and local talent. This positions Huaihai Road as a key nexus where global trends and local creativity converge. Moreover, H&M’s focus on sustainable fashion aligns with Huaihai Road’s goal of building a responsible and forward-thinking commercial image. Together, they are enhancing the district’s industry influence in innovation and sustainable development.”

It’s also worth noting that this location will serve as the new home for H&M’s Greater China retail headquarters, with its offices situated on the upper floors of the store. Standing inside the brand’s new “home,” FashionNetwork.com had another opportunity to speak with Mr. Saed El-Achkar, president of the group’s Greater China retail division, to gain more insights into this grand event.

Mr. Saed El-Achkar, president of H&M Group’s Greater China retail division
Mr. Saed El-Achkar, president of H&M Group’s Greater China retail division – DR

FashionNetwork.com: As offline stores evolve into lifestyle spaces, functions imply value trade-offs. What debates led to “House of H&M’s” mix of HOME/Café/Flower Shop/Exhibitions/Live-Streaming Studio?

Saed El-Achkar: This key highlight is China’s first H&M HOME concept store, which fills a market gap and represents a new retail exploration for the brand in China. It’s a key part of redefining the H&M lifestyle ecosystem. The H&M&Café and H&M Flower Shop are designed to enhance the consumer experience. The H&M&SPACE exhibition area serves as a cultural hub for the brand. The in-store H&M Live-Streaming Studio will be operated via a newly launched “House of H&M” account on Douyin. The studio will also invite celebrities, KOLs, designers, and models to discuss trends during major brand events, making it a hub that connects fashion, entertainment, and commerce.

FN: Please introduce us to the unique H&M&SPACE and outline its future plans.

SEA: As H&M’s first publicly accessible exhibition space globally, the H&M&SPACE will not only showcase the brand’s classic designs and new collections but also serve as a hub for cross-industry collaborations with fashion partners. This space is designed to highlight H&M’s heritage and breakthroughs in its fashion journey.

For our grand opening, the H&M&SPACE will debut a curated collection of H&M Studio archival pieces from recent years. This selection features runway highlights and limited-edition designs, each piece sourced from the brand’s valuable archives. It offers a glimpse into H&M Studio’s signature trajectory of experimentation in tailoring, material innovation, and stylistic breakthroughs — all imbued with a sense of time-tested quality and design edge.

And more than just an exhibition space, the H&M&SPACE is a new platform for us to engage with fashion lovers. While exploring classic fashion archives, consumers will also discover H&M’s continuously evolving fashion vision and innovative expression.

FN: With “House of H&M” reopening on its original Huaihai Road site, if Shanghai were a “co-creator,” what has the district taught H&M about commerce and urban lifestyle over the years?

SEA: H&M entered the Chinese retail market nearly two decades ago, with its journey beginning in 2007 with the opening of its first store on Shanghai’s Huaihai Road. The energy and potential of Shanghai’s consumer market inspired us to build our Huaihai Road store into our most iconic flagship in China, showcasing the brand’s latest image with higher-quality products and an elevated experience.

Specifically, Shanghai offers H&M a unique consumer market. The city is renowned for its high purchasing power and strong preference for stylish, high-quality products that are also affordably priced. This aligns perfectly with H&M’s business philosophy, enabling us to provide Shanghai consumers with products that offer both great style and great value.

Additionally, Shanghai holds significant strategic importance for H&M’s brand image and market expansion. As a major fashion hub in Asia, Shanghai is fertile ground for new trends. These initiatives have helped H&M stay attuned to local fashion trends, enhancing its brand image as a forward-thinking and culturally relevant retailer.

FN: If you bring the “House of H&M” concept to other cities, which single “soul element” must remain?

SEA: “Making fashion accessible to everyone” is H&M’s core philosophy and the guiding principle behind the “House of H&M.” As China is a crucial strategic market for us, our goal is to create a world of high-quality, affordable fashion for Chinese consumers, empowering them to express themselves through style. We will continue to build on this goal in the future by focusing on product excellence, elevating brand power, and improving our customer experience.

Written by Sissi Chu

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Cambodian unions demand $232 minimum wage for textile workers in 2026

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Cambodian unions demand 2 minimum wage for textile workers in 2026



Trade union confederations, federations, and civil society organisations in Cambodia’s garment, footwear, textile, and travel goods sectors are calling for the minimum wage in 2026 to be raised to $232 per month.

“This is not merely a request, it is an urgent necessity grounded in the real costs of survival for Cambodian workers and the demonstrated economic capacity of the country,” the organisations said in a joint press statement.

Cambodian trade unions and civil society groups are urging a rise in the 2026 minimum wage to $232, citing widening gaps between wages and living costs.
Studies show workers spend nearly double their income on essentials, with many trapped in debt.
While below the living wage, unions call the demand reasonable and vital.
The statement is backed by 27 organisations.

The demand highlighted the stark gap between wages and the cost of living. The Asia Floor Wage Alliance’s 2024 Consumption Survey found that workers spend an average of $408 per month on food and non-food needs, nearly double their income. As per research by the Anker Institute estimated Cambodia’s urban living wage at $232 per month in 2024, with households needing $417 to secure a decent standard of living. CNV Internationaal’s 2024 Fair Work Monitor finds a 41 per cent gap between average earnings and living costs, driving 73 per cent of workers into debt just to survive.

The signatories stressed that persistent wage-expenditure gap pushes workers further into debt, traps them in poverty, and forces them to compromise on food, healthcare, and education. They stated that it is unacceptable that the backbone of Cambodia’s economy—the garment and footwear workers—are denied the most basic conditions for a dignified life while the sector continues to attract global investment and deliver profits for brands and employers.

While research confirms that household expenses continue to surpass workers’ incomes, unions have put forward what they describe as a fair and balanced demand for 2026. They acknowledged that a minimum wage of $232 still falls short of covering the full cost of living, yet stress that it represents the essential adjustment required for the coming year.

“We call on the National Minimum Wage Council, the Ministry of Labour and Vocational Training, the Royal Government of Cambodia, and employers’ associations to recognise these undeniable realities and approve a new minimum wage of at least $232 for 2026,” added the statement.

The joint call has been endorsed by 27 organisations, including the Cambodian Alliance of Trade Unions (CATU), Free Trade Union of Workers of the Kingdom of Cambodia (FTUWKC), Cambodian League for the Promotion and Defense of Human Rights (LICADHO), Clean Clothes Campaign (Netherlands), Labour Behind the Label (UK), and Maquila Solidarity Network (Canada).

Fibre2Fashion News Desk (SG)



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Bansk Group acquires majority stake in skincare brand Byoma

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Bansk Group acquires majority stake in skincare brand Byoma


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September 10, 2025

Bansk Group announced on Wednesday it has acquired a majority stake in affordable skincare brand Byoma. 

Byoma

The New York-based consumer brands private investment firm acquired the Byoma stake from Yellow Wood Partners, a fellow private equity firm focused on consumer brands.

Terms of the transaction were not disclosed.

The Scottish skincare brand will continue to be helmed by founder and chief executive officer, Marc Elrick, following the transaction.

“Byoma was founded on the principle that most skin concerns originate from a compromised skin barrier. Therefore, we created Byoma to offer products specifically formulated to strengthen and maintain the skin barrier whilst delivering transformational results,” said Elrick, who launched the science-focused skincare brand in 2022.

“Over the past three years, we’ve developed strong, sustained momentum and have established Byoma as a key growth driver and top five skincare brand at leading retailers across markets while building trust and credibility with consumers. This transaction unlocks an accelerated growth trajectory in our journey. In Bansk, we’ve found a partner that intimately understands today’s consumer landscape and shares our values and growth ambitions. With Bansk’s deep expertise scaling purpose-driven consumer brands, we are incredibly excited to continue to challenge and redefine the beauty landscape for consumers globally.”

Byoma joins Bansk’s current investment folio, which includes fellow beauty brands Amika, Eva NYC, and Ethique.

“Byoma is redefining what skincare can be – backed by science, led by purpose, and deeply connected to its community,” said Chris Kelly, senior partner at Bansk.

“In what can often be a sterile and confusing category for consumers, Byoma stands apart by simplifying the skincare journey and delivering efficacious, prestige formulations at an accessible price point. Today’s consumers are more intentional than ever, seeking products that are not only effective but also transparent, inclusive, and rooted in real education. We’re excited to partner with Marc and the team to accelerate Byoma’s mission and bring its barrier-boosting formulas to even more consumers.”

 

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US manufacturing employment down 78,000 YoY in Aug 2025

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US manufacturing employment down 78,000 YoY in Aug 2025



Total US non-farm payroll employment changed little in August (plus 22,000) month on month (MoM) and has shown little change since April, according to the Bureau of Labor Statistics (BLS).

Manufacturing employment changed little in August (minus 12,000 MoM), but was down by 78,000 over the year.

Total US non-farm payroll employment changed little in August (plus 22,000) month on month (MoM) and has shown little change since April.
Manufacturing employment changed little in August (minus 12,000 MoM), but was down by 78,000 over the year.
Both the unemployment rate, at 4.3 per cent, and the number of unemployed people, at 7.4 million, also changed little in the month MoM as well as YoY.

Both the unemployment rate, at 4.3 per cent, and the number of unemployed people, at 7.4 million, also changed little in the month MoM. These indicators also changed little over the year as well.

In August, the long-term unemployed accounted for 25.7 per cent of all unemployed people in the United States.

The labour force participation rate in the month changed little at 62.3 per cent, and the employment-to-population ratio was unchanged at 59.6 per cent. Both measures have declined by 0.4 percentage point over the year.

Fibre2Fashion News Desk (DS)



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