Swedish fashion retailer Hennes & Mauritz admitted on Tuesday it was looking at opening stores in Portugal, Italy and Canada but dismissed reports it plans to open 100 outlets in Canada. H&M executives were apparently spotted scouting out locations in Toronto last week and H&M operations director, Kent Gustafsson, told The Globe and Mail on Monday: "We see Canada as a possibility within the next two years. I think it's promising. It looks very good."