SQM Q1 Profit More Than Doubles as Lithium Prices Surge 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
Ferrari Luce: How Ferrari Evolved From Hybrid Supercars to Its First Fully Electric Vehicle 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
Croatia Weighs Ante Zigman for Central Bank Governor Role in Key ECB Transition 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Toshifumi Suzuki, Founder of Seven-Eleven Japan, Dies at 93 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Canada and Germany Advance Major LNG Supply Partnership 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Australia Inflation Cools in April as Fuel Prices Ease, But Core CPI Remains Sticky 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
Fashion giant H&M Group announced its Brazilian expansion set for 2025, with plans for both online and brick-and-mortar stores. The move, part of H&M's ongoing growth in Latin America, will be in partnership with retail operator Dorben Group.
H&M will open physical stores and an online trade hub to enter Brazil. The company confirmed these plans on Monday, July 17.
The brand already opened its very first store in Latin America in 2012, and it was built in Mexico. The company launched more outlets in the region, and currently, it has a presence in Costa Rica, Chile, Peru, Ecuador, Colombia, Uruguay, Guatemala, and Panama.
H&M said it will continue expanding its fashion brand in this part of America by entering major cities in Southeast Brazil. Later, it will add more countries and locations to boost the company's presence further.
According to Reuters, H&M is teaming up with the Dorben Group for its Brazilian expansion. The said company is operating retail businesses across 10 countries, so it can provide the support H&M needs for its store opening in Brazil.
The massive population in Brazil, totaling over 210 million, and the citizens' strong appreciation for fashion increase the possibility of the company's successful expansion campaign in this market. Coupled with the partnership with the Dorben Group, the likelihood of achieving success is tripled.
"We are thrilled to announce that we are opening our first store and online in Brazil in 2025. We've had good development in Latin America and see great potential in Brazil," H&M Group's chief executive officer, Helena Helmersson, said in a press release. " This is a very exciting step, and we look forward to bringing H&M's concept of fashion, quality and sustainability at the best price to many customers in the country."
Dorben Group's president, Mehdi Beneddine, further commented, "It is an honor and a privilege for us to enter into this partnership with H&M in Brazil, thereby strengthening our existing relationship with a leader in the fashion industry. This collaboration will enable both companies to leverage their unique strengths, resources, and expertise to unlock the incredible potential of the Brazilian market."
