H&M (Hennes & Mauritz) is a Swedish company that sells men's, women's and children's clothing, shoes and accessories under the same brand, as well as under some other brands.
early 40s of the 20th century, he worked in Stockholm as a cheese peddler in restaurants. In the early 40s he went on a trip to the United States, during which he became interested in doing business. He was impressed by the large number of small shops selling clothes at low prices.
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After returning home, Erling Persson realized that the
mass market segment in the format of small retail
stores is exactly what was missing in Sweden and what you can make good money of. In Westeros, he opened a small factory for the production of clothing. To reduce the price products were sold directly from the warehouse. In a short period of time E. Persson's products became popular and in 1947 he was able to open a shop called Hennes («for her»).
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1968 was marked by the acquisition of Mauritz
Widforss; after that, the Person decided to rename his
company in Hennes & Mauritz (H&M). The store began to sell men's clothing too. Since the early 2000s the company is actively developing around the world. One of the most significant events in the development of the company is the opening of a store in New York.
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Adapting with the market trends, in the mid-2000s
H&M began to cooperate with famous designers. Its collections
were sewed by Karl Lagerfeld and Stella McCartney, and for advertising were attracted Madonna, Kylie Minogue, David Beckham and many other world celebrities.
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The company manufactures and sells clothing. In addition
to clothing, H&M offers customers a variety of interior
products (pillows, textiles, etc.). The company operates in 71 countries through more than 4,000 stores (data for 2016). The company has approximately 104,000 employees and sales in 2009 amounted to 118,700 million swedish crones. In the 4th quarter of 2017, H&M sales fell by 4% and the brand shares fell by 13%. The brand includes such trademarks as H&M, H&M Home, Cheap Monday, COS, Monki, Weekday.