UBS has maintained a 'Buy' rating for H&M, setting a target price of 191 Swedish kronor. Analyst Sreedhar Mahamkali highlighted that while sales recovery remains a concern, there are initial signs of progress, emphasizing the importance of consistent growth for the fashion retailer.
Sonam Kapoor and her husband Anand Ahuja's Bhaane Group have acquired Mumbai's iconic music store, Rhythm House, for Rs 47.84 crore ($5.7 million). The store, which closed in 2018 after its previous owner defaulted on loans, marks the end of an era for music lovers who cherished physical media. The sale was overseen by a resolution professional appointed by the Indian bankruptcy court.
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