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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 ...
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.
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.
View history; Tools. Tools. move to sidebar hide. ... COS is a fashion brand part of the H&M Group. [1] Parent company H&M owns retail brands including H&M, Other ...
It's no secret that fast fashion imports from international brands like H&M, Zara, and Shein have come to dominate Americans' wardrobes. The U.S. imported more than $24 billion of apparel in 2023 ...
In 2009 Versace and H&M released a new line for H&M's stores, including men's and women's clothing and home items, such as pillows and blankets. [50] In 2015 Versace collaborated with dancer Lil Buck to release a line of sneakers. [51] In 2015, Donatella Versace was featured in Riccardo Tisci's Givenchy campaign. [52]
During her tenure H&M faced financial challenges due to the Covid pandemic [7] and losses from disinvesting in Russia as a result of the Russo-Ukrainian war as well as global supply chain difficulties and costs. [8] On 31 January 2024, it was announced that Helmersson would be replaced as CEO of H&M by Daniel Ervér. [9] [10]
Johansson grew up in Ronneby, an hour away from Stockholm, Sweden. [1] As a youth, she shopped often at H&M, calling it the "heaven of fashion". [1]After first thinking about becoming a veterinarian, Johansson instead pursued art science studies and archaeology at Gothenburg and Lund universities – it was then that she realized she wanted a career involving artistic creativity. [2]