H&M is a Swedish company that operates as a retailer. It was founded in 1947 by Erling Persson. The company’s first store, Hennes, opened in Västerås, Sweden. In 1968, the company launched its own clothing line, which became known as H&M.
Today, H&M operates more than 4,000 stores in 61 countries. The company also owns other retail brands, including COS, & Other Stories, and Monki. Here is detailed overview about the company, its owner and some more stores that fall under the home group of H&M.
History of H&M
H&M was founded in 1947 by Erling Persson. H&M’s business model is based on offering fashion and quality at the best price in a sustainable way. All their efforts revolve around minimizing their environmental impact throughout all stages of the value chain – from design and production to transportation and customer use to recycling and other post-consumer uses.
This brand is the second largest global clothing retailer, behind only Inditex (the owner of Zara). In 2020, H&M generated sales of approximately 232 billion Swedish kronor (about $26.0 billion). The company employs around 155,000 people globally.
H&M has a long history of collaborating with high-profile fashion designers. Some past collaborators include Karl Lagerfeld, Stella McCartney, Alexander Wang, and Versace. More recently, H&M has collaborated with popular celebrities such as Beyoncé and Kylie Jenner. These collaborations helped generate buzz around the H&M brand and attracted many new customers.
Other Stores Owned by H&M
H&M owns several other sister sites in addition to its namesake store. These include COS, & Other Stories, Monki, Weekday, and ARKET.
COS (Collection of Style) is a modern, functional, and sustainable fashion brand for women and men. COS was launched in 2007 as a part of the H&M group. The brand’s design philosophy is based on the idea that fashion should be timeless and easy to wear.
& Other Stories is a creative platform for women that offers a wide range of fashion items including clothes, shoes, accessories, beauty products, and more. & Other Stories was launched in 2013 as a joint venture between H&M and three Swedish designers.
Monki is a fun and fresh fashion brand for women. The brand offers a wide range of affordable clothes, shoes, and accessories. Monki was launched in 2006 as a part of the H&M group.
Weekday is a denim-focused fashion brand for men and women. The brand offers stylish and affordable jeans, shirts, jackets, and more. Weekday was launched in 2002 as a part of the H&M group.
ARKET is a modern-day market that offers high-quality food products, sustainable home goods, natural cosmetics, and more. ARKET was launched in 2017 as a part of the H&M group.
With its mix of affordable prices and stylish designs, it’s no wonder that H&M is so popular all over the world. Whether you’re looking for a new outfit or some home decor inspiration, H&M’s latest collection might have something for you.
