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The H&M Foundation, a nonprofit, was established in 2014 to fund projects that improve humanitarian and environmental issues within the fashion industry. The Persson family, the founders and owners of H&M, originally invested $180 million in the foundation.
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.
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.
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.
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]
Owner: H&M: Website: www.cos.com: 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.
PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is an American clothing company which owns brands such as Tommy Hilfiger and Calvin Klein.The company also licenses brands such as Kenneth Cole New York and Michael Kors. [2]
Macy was the fourth of six children born to a Quaker family on Nantucket Island, Massachusetts.At the age of fifteen, he worked on the whaleship Emily Morgan and had a red star tattooed on either his hand or his forearm (various versions as to the exact location of the marking have been reported).