Sweden's H&M signs lease agreements with Kyiv-based Ocean Mall

Swedish-based H&M, one of Europe's largest retail clothing chains, has signed an agreement for the lease of retail space with Kyiv-based Ocean Mall, which will open near the Lybidska subway station in late summer of 2019.

Read alsoIKEA mulls opening second store in Ukraine

Vagif Aliyev, the founder of the Mandarin Plaza Group, announced this at a Kyiv press conference on October 10.

"Ocean Mall has all contracts signed. With H&M, Zara, IKEA, as well as with Reserved and Mango," he said.

As UNIAN reported earlier, the Swedish company H&M opened its first store in Ukraine on August 18. The company will open its second store in Kyiv-based Sky Mall on October 18.

UNIAN memo. H&M (Hennes & Mauritz) is a Swedish company, the Europe's largest retail chain for clothing trade, with the headquarters in Stockholm. H&M and its associated brands are operating in 62 countries with over 4,000 stores.