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H&M Hennes & Mauritz targets the Hip & Modish. The firm designs cheap yet chic clothing, mainly for men and women ages 18 to 45, children's apparel, and its own brands of cosmetics. Fast-growing H&M operates some 2,470 stores in some 35 countries and offers online shopping in eight countries. Germany is its #1 market, accounting for more than 20% of sales. The firm doesn't own factories but buys its goods from suppliers primarily in Asia and 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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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 (2012): | 18820.50 M | | Revenue Growth (1 yr): | 18.60% | | Employees (2012): | 72,276 | | Employee Growth (1 yr): | 11.40% |
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Key People
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Chairman:
Stefan Persson
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CEO and Managing Director:
Karl-Johan Persson
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Head IT:
Kjell-Olof Nilsson
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Industry Information
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