Swedish fashion retailer Hennes & Mauritz H&M will invest US$8m in implementing its latest All for Children initiative in Bangladesh, where it is working with the United Nations Children's Fund (UNICEF).

The project is designed to promote education and better health for children in countries where H&M operates. It will run from 2012 to 2017, and aims to provide 40,000 children aged 3-14 years in Dhaka with improved access to education, basic life skills and social protection services.

H&M, which has 2,600 stores, has also launched another All for Children clothing collection to coincide with the initiative, with 25% of sales going to the project in Bangladesh.