H&M
H & M Hennes & Mauritz AB, also known as H&M Group, is a multinational clothing company based in Sweden that focuses on fast-fashion clothing. As of 23 June 2022, H&M Group operated in 75 geographical markets with 4,801 stores under the various company brands, with 107,375 full-time equivalent positions.
H&M store on Fifth Avenue in New York City | |
| H&M Group | |
| Company type | Public (Aktiebolag) |
| Nasdaq Stockholm: HM B | |
| ISIN | SE0000106270 |
| Industry | Retail |
| Founded | 1947 (as Hennes) Västerås, Sweden |
| Founder | Erling Persson |
| Headquarters | , Sweden |
Number of locations | 4,801 stores (2021) |
Area served | Worldwide |
Key people | Karl-Johan Persson (Chairman) Daniel Erver (CEO and president) |
| Products | Clothing, accessories |
| Brands |
|
| Revenue | US$24.8 billion (2019) |
| US$1.8 billion (2019) | |
| US$1.5 billion (2019) | |
| Total assets | US$19.3 billion (2019) |
| Total equity | US$6.919 billion (2016) |
| Owner | Stefan Persson (28%) |
Number of employees | 107,375 (2021) |
| Website | hm.com (retail) hmgroup.com (corporate) |
H&M is the second-largest international clothing retailer after Inditex. H&M was founded by Erling Persson in 1947 under the name Hennes. The company's current CEO is Daniel Erver who replaced former CEOHelena Helmersson in January 2024.
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