H&M to Launch New Luxury Store in 2013??

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The 411 on the fashion grapevine is that H&M is planning to launch a luxury fashion store.

The CEO of the Swedish retail giant, Karl-Johan Persson, says H&M is planning to open a new store concept, but the merchandise and the price range of the new concept have yet to be disclosed. It’ll be interesting to see what market H&M is trying to woo with the new store, especially when they already have Cos (another high-priced brand) under their stable.