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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 ...
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Plus range maternity. Plus range maternity's larger sizes of maternity clothes were absorbed into the already existing 'Limited Collection Maternity', under the name of 'M&S Maternity' in 2008 to simplify administration. [8] Thermal luxury. Thermal luxury – unisex thermals [12] Ultimate. Ultimate – women's socks and hosiery [39] Adored
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]
H&M said its September sales were down 5% year-on-year in local currencies after they fell 19% in the three months through August. Of more than 5,000 stores worldwide, 3% remain temporarily shut ...
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.
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