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Sverigekontoret SE-106 38 Stockholm, Sweden Tel. +46-8-796-55-00 Fax +46-8-20-80-94 |
Type: Public
On the web:
http://www.hm.com
H&M Hennes & Mauritz targets the Hip & Modish. The firm designs cheap but chic clothing, mainly for men and women 18 to 45, children's apparel, and its own brands of cosmetics. Fast-growing H&M operates about 1,800 stores in about 35 countries and has direct sales operations in selected areas. Germany is H&M's #1 market, accounting for about 25% of sales. About 60% of its clothing is made in Asia, the rest is manufactured primarily in Europe. H&M opened its first women's clothing store in 1947 as Hennes (Swedish for "hers"); it later bought the hunting and men's clothing store Mauritz Widforss. H&M is controlled by the family of chairman Stefan Persson (the billionaire son of founder Erling Persson).
Key numbers for fiscal year ending November, 2008:
Sales: $10,889.4M
One year growth: (11.4%)
Net income: $1,881.2M
Income growth: (11.8%)
Officers:
Chairman: Stefan Persson
CEO and Director: Karl-Johan Persson
CFO: Leif Persson
