..... but we just don't know when :) Sources said H&M (short for Hennes & Mauritz) has applied with the Board of Investments, an agency under the Department of Trade and Industry. But contrary to speculation, the Swedish clothing retailer is not teaming up with SM Retail Inc. to avoid direct competition with other brands the SM group has already franchised - Forever 21 and Uniqlo. More likely, H&M will open in the Philippines as a wholly-owned foreign retailer firm where investment rules state that you can qualify if you have paid-up capital of $7.5 million or ... Continue Reading...