Zara (retailer)
Search results
1947. Inspired by his trip to New York City the year before, Swedish entrepreneur Erling Persson opens a new womenswear store in Västerås, Sweden. He calls it Hennes, Swedish for “Hers”. The soon-to-be-famous Hennes logotype is designed by the founder himself.
H&M is the second-largest international clothing retailer after Inditex. [12] [13] H&M was founded by Erling Persson in 1947 under the name Hennes. CEO from 2020 to 2024 was Helena Helmersson. Current CEO is Daniel Erver as of January 2024. [14] [15] [16]
- Profile
- Foundation and History
- Evolution and Expansion
- Philanthropy
The mass market is truly the place where the fashion industry is able to generate millions in profit on an annual basis. Apart from the luxury sector, the business of selling everyday clothes to everyday people is just as challenging as trying to sell haute couture garments to wealthy individuals. The average consumer might not be able to afford a ...
The company was founded in 1947 by Erling Persson with the very first shop established in Västerås, Sweden. The original name of the business was called “Hennes” (pictured below), which is Swedish for “hers”, as the store at the time exclusively sold womenswear. It wasn’t until 1968 when Persson acquired the hunting apparel brand Mauritz Widforss t...
H&M entered the new millenium by making another significant milestone: the opening of the very first H&M store outside of Europe. New York City was the first non-European metropolis to host an H&M flagship store, which was located in Fifth Avenueto compete directly with many luxury labels that dominate the renowned shopping district, as well as oth...
H&M’s continuing commitment to reducing waste and environmental preservation was augmented by their garment collection program that started in 2013. Shoppers who donate or give away their used clothing to any H&M outlet will be rewarded with discount vouchers. The clothes are then processed and recycled to create new garments in order to attain the...
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. [2]
H&M, founded in 1947, operates in 75 markets with 4,801 stores. It is the second-largest international clothing retailer globally. The current CEO is Daniel Erver.
Jul 7, 2024 · The fast-fashion retailer H&M, short for Hennes & Mauritz, is a major player in the global retail industry. H&M was founded by Erling Persson in Västerås, Sweden, in 1947. Inspired by a trip to New York City, Persson established a womenswear store named Hennes, meaning "hers" in Swedish.
People also ask
When was H&M founded?
Who owns H&M?
What happened to H&M?
Is H&M a publicly traded company?
Where is H&M headquartered?
Who is the CEO of H&M?
H&M was founded as Hennes in 1947 by Erling Persson. A former salesman and founder of another company, Pennspecialisten, in Västerås, Sweden, Persson had discovered a new retail clothing store concept during a trip to the United States.
