Fashion Retailer H&M to Shut Down Flagship Store in Taiwan

H&M Hennes & Mauritz (HM-B.ST) will shut down its flagship store in the Ximending shopping district in Taipei, Taiwan, after its lease expires at the end of 2026, the Central News Agency reported Friday, citing a statement. The Swedish fast fashion retailer, which has 14 shops in Taiwan, decided to close the five-story store following discussions with the landlord.