As for the change to the Monki set-up, H&M explained: “The work to meet customers’ changing behaviours and further strengthening the competitiveness, goes on. To develop Weekday into a youth destination, the Monki brand will be incorporated into the Weekday unit. This will leverage customer synergies and also reduce administration and operational costs, freeing up resources to further focus on developing the brand experiences and a strengthened overall offer.”

But it seems that fans of Monki should still be able to find what they see as special about that label with the company adding: “The unique Weekday and Monki brand experiences will remain, at the same time as new opportunities with combined customer experiences will be explored.”

Anna Attemark, Head of Portfolio Brands at the group, said it sees “great potential with this new youth destination, with the brands Weekday, Monki and Cheap Monday. Over time we will also explore how to further develop it by including more partners.” 

The Head Office

The Monki Head Office in Gothenburg will close, “which will regrettably affect Monki employees”. The company said everyone in the Monki team “will be supported to apply for a role within the new organisation, or to a continued career elsewhere within or outside the wider H&M group”.

There were no details about the scale of any job losses although Attemark added: “While looking forward to having the new organisation up and running, we remain humble for the changes this entails for some of our employees.”

The company didn’t say what would happen to Monki stores. It has continued opening these with it recently opening in Oslo.