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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.
Ajax was built at Vickers' shipyard, in Barrow-in-Furness, England.She was laid down on 7 February 1933, launched on 1 March 1934 and completed on 12 April 1935. She was commissioned for service with the 8th Cruiser Squadron on the America and West Indies Station, [5] but after working up in May 1935, she was deployed instead to the Mediterranean on detached service after the Abyssinian crisis.
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.
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]
COS is a fashion brand part of the H&M Group. [1] Parent company H&M owns retail brands including H&M, Other Stories, Monki, Arket. Positioning.
Karl-Johan Erling Göran Persson (born 25 March 1975) is a Swedish billionaire businessman. He is chairman of the fashion company Hennes & Mauritz (H&M), and was its CEO from 2009 to 2020.
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]