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H & M Hennes & Mauritz AB, commonly known by its brand name H&M, is a Swedish multinational fashion retailer headquartered in Stockholm. Known for its fast fashion business model, H&M sells clothing, accessories, and homeware. The company has a significant global presence, operating thousands of stores across 75 geographical markets and ...
Persson was the chairman of fashion company H&M until May 2020, when he was succeeded by his son. [5] He remains the company's largest shareholder, owning a 36% stake. [6] The company was founded by his father Erling Persson in 1947. [7] Persson took over H&M from his father in 1982 and served as its manager until 1998.
Ervér began working at H&M in 2005 as a trainee. [3] He served as head of the H&M brand, the largest brand within the group, for four years previous to his appointment as chief executive in February 2024. [2]
H&M's top executive unexpectedly stepped down Wednesday and the company's stock plunged as the fashion giant reported a drop in sales over the holiday shopping season. Helena Helmersson resigned ...
Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M. [7] As of early 2023, Gap employs about 95,000 people. [8] The Fisher family remains deeply involved in the company, collectively owning much of its stock. [9]
Operating profit at H&M decreased 62 percent in the first quarter of 2018, following its biggest sales drop on record in the fourth quarter of 2017.
The brand is described as "creating contemporary minimalist collections for mid-range prices" [2] for women and men. COS is an abbreviation of “Collection of Style.” The brand advertises a design ethos of pieces made to last beyond the season with a focus on craftsmanship, what of using sustainably sourced materials for its products. [ 3 ]
Erling Persson (21 January 1917 – 28 October 2002) was the founder of H&M (Hennes & Mauritz). [1] [2] He got the idea following a post-World War II trip to the United States: he was impressed by the country's efficient, high-volume stores.