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    H&M
    retail, fast fashion

    H&M

    Sweden flagSweden

    "Fashion and quality at the best price"

    Founded October 4, 1947 Stockholm, Sweden CEO: Daniel Ervér
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    About

    H&M, officially H & M Hennes & Mauritz AB, is a Swedish multinational clothing retailer headquartered in Stockholm. Founded by Erling Persson on October 4, 1947, in Västerås, the company began as a single women's wear shop called Hennes, Swedish for "hers." After acquiring the hunting and fishing equipment retailer Mauritz Widforss in 1968, Persson brought menswear into the range and renamed the company Hennes & Mauritz. Today, H&M operates thousands of stores across 75 markets and employs more than 171,000 people, making it the second-largest international clothing retailer after Inditex, which owns Zara.

    The brand's product lineup spans women's, men's, and children's clothing, accessories, footwear, beauty products, and home goods, including bedding, soft toys, and ceramic tableware. H&M positions itself as an accessible fashion destination, with a core philosophy of "fashion and quality at the best price in a more sustainable way." The company has a significant online presence through hm.com and maintains active social media channels.

    H&M has faced scrutiny over sustainability and labor practices, but has responded with commitments to recycled materials and renewed global framework agreements with IndustriALL Global Union and Swedish trade union IF Metall to reinforce garment worker protections. The brand continues to adapt to changing consumer preferences, entering the secondhand market and launching high-profile collaborations like the August 2026 Wardrobe.NYC collection.

    Products & Sub-brands

    Women's clothingMen's clothingChildren's clothingAccessoriesFootwearBeauty productsHome goodsBeddingSoft toysCeramic tableware

    Frequently Asked Questions

    Who owns H&M?
    H&M is a publicly traded Swedish company, but the Persson family, descendants of founder Erling Persson, retains significant ownership and control through investment vehicles. The family's influence remains strong in company governance.
    Who is the CEO of H&M?
    Daniel Ervér has been the CEO of H&M since January 2024, succeeding Helena Helmersson, who served from 2020 to 2024. Ervér previously held leadership roles within the company's brand operations.
    How much is H&M worth?
    As the world's second-largest clothing retailer, H&M has a market capitalization in the tens of billions of dollars, though exact figures fluctuate with market conditions. The company operates over 4,000 stores across 75 markets and employs more than 171,000 people.
    Is H&M vs Zara — which is better?
    H&M and Zara (owned by Inditex) are the world's two largest fast-fashion retailers, with Zara holding the top spot. H&M generally offers lower price points and broader product categories including home goods, while Zara is known for faster trend turnover and a more premium positioning.
    Is H&M still in business?
    Yes, H&M remains fully operational and is actively expanding, with recent launches including the August 2026 Wardrobe.NYC collaboration. The company is also investing in secondhand clothing sales to adapt to changing consumer preferences.

    Keywords

    fast fashionclothing retailerSwedish brandHennes & Mauritzaffordable fashiondesigner collaborationssecondhand

    Sources

    Company Info

    Founded
    October 4, 1947
    Founder
    Erling Persson
    CEO
    Daniel Ervér
    Headquarters
    Stockholm, Sweden
    Industry
    retail, fast fashion
    Employees
    171000
    Number of stores
    Over 4,000
    Markets
    75

    Official Website

    www.hm.com/

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