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H & M Hennes & Mauritz AB is a multinational clothing company based in Sweden that focuses on fast-fashion clothing. As of 23 June 2022, H&M Group operated in 75 geographical markets with 4,801 stores under the various company brands, with 107,375 [b] full-time equivalent positions.
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, and of using sustainably sourced materials for its products. [3]
Karl-Johan Persson (grandson) Charlotte Söderström (granddaughter) Tom Persson (grandson) 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. [2]
Stefan Persson (magnate) Carl Stefan Erling Persson ( Swedish: [ˈstěːfan ˈpæ̌ːʂɔn]; born 4 October 1947 [1]) is a Swedish billionaire businessman. In March 2013, Forbes reported Persson's net worth as $28 billion [2] making him the richest of Sweden's 12 billionaires [2] and the 17th richest person in the world; [3] he has since ...
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. [3] [4] H&M was founded by his grandfather Erling Persson. [5] [6] As of December 2023, according to Forbes, his estimated net worth is US$1.9 billion.
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