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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 ...
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. He also owns a substantial stake in the Swedish technology company Hexagon AB. Through his privately held real estate company ...
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.
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.
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]
As of November 2023, the company owns and manages 36 outlet centers across the US and Canada comprising 14.0 million square feet and more than 3,000 stores. [2] The company's largest tenants are Gap, Ascena Retail Group, Nike, Inc., PVH, H&M, Ralph Lauren Corporation, and VF Corporation. [1]
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]
Persson was the CEO of the company between 2001 and 2004. [10] The business was successfully sold in 2007 to MCI. In 2005, he joined H&M in an operational role, working his way up to head of expansion and head of business development in 2007, before being appointed CEO in 2009 to succeed Rolf Eriksen .