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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > H&M Hennes & Mauritz AB

H&M Hennes & Mauritz AB
 PROFILE
H&M Hennes & Mauritz targets the Hip & Modish. The company designs cheap but chic clothing sold at its more than 680 stores in 14 countries. H&M sells women's, men's, and children's clothes (half of which are made in Europe, the rest mostly in Asia) from about 900 suppliers. It also offers clothes online and by mail order. The company is opening 100 stores per year, including locations in new markets in Spain and the US. 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. The family of chairman Stefan Persson (the son of founder Erling Persson) owns 36% of H&M and controls 69% of its voting power.

 COMPETITION
Industria de Diseņo Textil, S.A. (ITX)
Otto Versand Gmbh & Co. (dossier)
The Gap, Inc. (GPS)

 FINANCIAL OVERVIEW
Fiscal Year-End: November
2000 Sales (mil.): 3,007.30
1-Yr. Sales Growth: (8.5)%
Employees: 20,680
Revenue per employee: $145,420.70

 KEY PEOPLE
• Rolf Eriksen
    CEO
• Leif Persson
    CFO

 CONTACT INFO
Norrlandsgatan 15
SE-111 84 Stockholm, Sweden
Phone: 46-8 7-5 00
Fax: 46-8 2-9 19
Online: Web Site

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