According to industry executives, IPG Mediabrands' UM and a GroupM were the other two agencies.
The fast-fashion giant is expected to launch its first store in Indonesia this year in collaboration with franchiser J.S. Gill, which was also responsible for opening H&M in Thailand.
The pitch concluded in March.
In 2011, H&M entered the Southeast Asian market when it launched its first store in Singapore. Within a year it opened up stores in Malaysia and Thailand. The retailer is now setting up stores in Australia and India.
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