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H&M Hennes & Mauritz targets the Hip & Modish. The firm designs cheap but chic clothing, mainly for men and women 18 to 45, children's apparel, and its own brands of cosmetics. Fast-growing H&M operates about 1,800 stores in about 35 countries and has direct sales operations in selected areas. Germany is H&M's #1 market, accounting for about 25% of sales. About 60% of its clothing is made in Asia, the rest is manufactured primarily in Europe. H&M opened its first women's clothing store in 1947 as Hennes (Swedish for "hers"); it later bought the hunting and men's clothing store Mauritz Widforss. H&M is controlled by the family of chairman Stefan Persson (the billionaire son of founder Erling Persson).
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| | | Contact Information | |
Address: |
Sverigekontoret
SE-106 38 Stockholm, Sweden
| | Phone: | +46-8-796-55-00 | | Fax: | +46-8-20-80-94 |
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| Financial
Highlights | | Fiscal Year End: | November | | Revenue (2008): | 10889.40 M | | Revenue Growth (1 yr): | (-11.40%) |
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Key People
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Chairman:
Stefan Persson
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CEO and Director:
Karl-Johan Persson
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CFO:
Leif Persson
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