H&M

H&M is the second largest fashion distribution group in the world by revenue. In 1947, Erling Persson launched the Hennes store in Sweden, inspired by American establishments that moved large volumes of merchandise. During the sixties, seventeen and eighties, the company started its international expansion with its first stores in Denmark, Norway, Germany and United Kingdom. The company continued its world expansion and today it’s present in every continent.

H&M Inches Into Premium Territory With Kidswear Focus, Galeries Lafayette Tie-Up

The Swedish fashion retail group continues to raise its positioning and is making its debut in French department stores to attract a new premium clientele. After the summer, it will open a new flagship store in Le Marais.

H&M Founding Family Raises Stake to 70% as Ownership Consolidates

The Persson family, which founded the fashion group in 1947, has also acquired 85% of the group's voting rights, which could put the Swedish retail giant on the road to becoming a listed company.

Fashion Giants Set Sights on Venezuela: H&M Enters as Inditex Brings Bershka and Pull&Bear

After closing all its stores in the market in 2021, the Spanish group will raise the shutter on two of its young chain stores in the capital. The Swedish company is also preparing to enter the country.

Erik Bang (H&M): “The challenge is to create a culture where it is OK to fail”

Bang has been responsible for innovation at the H&M Foundation since 2014 and he is also the driving force behind the Global Change Award. As he says, the key to innovation is to feel confident and establish among players.

H&M swings back to loss in first quarter and responds China boycott

The company’s net sales decreased by 21 percent in the quarter ended 28 February. The Swedish group has also issued a statement after the boycott suffered in China.

H&M swings to loss in second quarter, sales slump

The Swedish giant reported a pre-tax loss of 6.5 billion crowns ($685 million), against a year-ago 5.9 billion profit. The group is going to increase the pace of closures with around 170 gross closures this year.

Most read

H&M take steps towards the end of ‘throw-away’ culture and offers clothing repair in Paris flagship

The Swedish fashion retailer has reopened its store in the French capital with a space that enables consumers to repair their clothes, customize them or even to buy specific care products.

Inditex, H&M and Primark dominate 38% of fashion sales

While the textile commerce in the world sank in 2018 with a descent of 2.38%, giants in Zara’s kingdom rose 2.17%.

For the first time, a woman runs one of the four largest fashion groups in the world. Helmersson, who developed her entire career at H&M, has replaced Karl-Johan Persson as chief executive officer.

Stefan Persson will step down as chairman of the board and proposes his son Karl-Johan Persson to succeed him.

The Swedish retail giant ended the last fiscal year (concluded on November 30) with a profit of 13.4 billion Swedish kronor (1.4 billion dollars).

The group, which will present its annual results next Thursday, will has been facing a decline in its benefits for three consecutive years.

Boutiques, flagships, personalization, retail, online. The Swedish giant has reacted to declining sales with with trial and error.

The Swedish group has been experimenting with new store concepts and chains for the past years. H&M has launched three new chains since 2017 and closed other two.

The Swedish company has appointed Jesper Magnunsson, former head of expansion for Spain and Portugal, as new head of global leasing. The executive will be based in Stockholm.

The Swedish group has reached a revenue of 232,765 million Swedish krona (24.6 billion dollars). In local currencies, group sales rose 6%.

The Swedish fashion retailer wants to reduce its greenhouse gas emissions into the atmosphere throughout its value chain in 2040.

The group has teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country. The group has done similar tests with its main brand.

Profiles

Bernard Arnault

President and CEO of LVMH

Pier Paolo Righi

CEO of Karl Lagerfeld

John Donahoe

CEO of Nike

Jesús Gil

Head of Southern Europe in Esprit

View all profiles