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H & M Hennes & Mauritz AB 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 [b] full-time equivalent positions.
The brand is described as "creating contemporary minimalist collections for mid-range prices" [2] for women and men. COS is an abbreviation of “Collection of Style.”. The brand advertises a design ethos of pieces made to last beyond the season with a focus on craftsmanship, and of using sustainably sourced materials for its products. [3]
Persson was the chairman of fashion company H&M until May 2020, when he was succeeded by his son. He remains the company's largest shareholder, owning a 36% stake. The company was founded by his father Erling Persson in 1947. Persson took over H&M from his father in 1982 and served as its manager until 1998.
Low-cost fashion brand H&M said Wednesday that it will be reducing its global workforce by around 1,500 positions as part of a plan to reduce costs and further improve efficiency. H&M was founded ...
Gap Inc. The Gap, Inc., [6] commonly known as Gap Inc. or Gap (stylized as GAP ), is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap (the namesake banner), Banana Republic, Old ...
Karl-Johan Persson (grandson) Charlotte Söderström (granddaughter) Tom Persson (grandson) 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]
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