H&M

H&M is the second largest fashion distribution group in the world by revenue. In 1947, Erling Persson launched the Hennes store in Sweden, inspired by American establishments that moved large volumes of merchandise. During the sixties, seventeen and eighties, the company started its international expansion with its first stores in Denmark, Norway, Germany and United Kingdom. The company continued its world expansion and today it’s present in every continent.

From Inditex to H&M: Alpha Modus Pursues Another Retail Giant Over Patent Violations

A US retail tech company files a lawsuit against the Swedish fashion giant over allegations of patent infringement in the US, echoing similar claims previously made against Zara, part of Inditex.

H&M Revives Stella McCartney Formula to Enhance Its Democratic Design Vision

Marking twenty years since their first partnership, the Swedish conglomerate and the British fashion visionary join forces once again, presenting a collection to strengthen the brand’s designer alliance strategy and elevate its fashion profile.

H&M Invests in Reverse: The Fashion Giant Joins Startup’s First Funding Round

Swedish retail powerhouse steps into the future by investing in a German leader of automated textile sorting, leveraging AI and advanced material recognition.

H&M Issues First Bonds in Two Years Following Robust Third Quarter

In a bid to support broader corporate investments, the Swedish fashion powerhouse is aiming to secure €500 million via senior bonds. The retailer’s most recent market venture was at the close of 2023.

H&M Partners with Circ and Lenzing to Debut First Recycled Fiber Collection

The Swedish retail giant plans to debut two garments, starting with this year’s imminent fall line, featuring recycled polyester and cellulose from cutting-edge material innovations.

Mainstream Fashion’s New Monarch: Fast Retailing Outraces Gap and Surges Ahead of Inditex

With their latest annual results, the Japanese conglomerate led by Uniqlo is pulling further ahead of the American company Gap, which is grappling with its reliance on the domestic market, and is closing the gap with Swedish rival H&M.

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H&M to test subscription in China with COS

The group has teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country. The group has done similar tests with its main brand.

The Swedish giant saw its sales slump deepen through August, impacted by currency fluctuations, while profits fell another 9.8%. Yet, the company managed to boost its earnings in the last quarter.

The Swedish group expects to start operating in the country in August, the same month in which it will also launch its ecommerce nationwide. Dates for the next two openings in Brazil have not yet been announced.

In the midst of the reinvention of British fashion, Sweden is joining London Fashion Week for the first time to raise its brand image and Topshop (owned by Bestseller) is preparing a show to coincide with its relaunch.

The Swedish group unveils its first digital twins with artificial intelligence, a step that reinforces the brand narrative and anticipates the potential of technologies to transform campaigns and creative processes in fashion.

H&M is facing new privatization rumors after the Persson family, the founder of the fashion group, bought shares that already control more than 64% of the company, and is triggering bets on an eventual farewell to the Swedish stock market.

The Swedish retail giant, which became part of Renewcell’s capital before its bankruptcy last year, is once again raising its stake in the company, which is now operating under a new name and strategy.

The retail giant is immersed in an optimization of its commercial park, for which it has closed half a hundred stores in the last three months and which, in the short term, is affecting its turnover.

The Swedish fashion retail group continues to raise its positioning and is making its debut in French department stores to attract a new premium clientele. After the summer, it will open a new flagship store in Le Marais.

The Persson family, which founded the fashion group in 1947, has also acquired 85% of the group's voting rights, which could put the Swedish retail giant on the road to becoming a listed company.

After closing all its stores in the market in 2021, the Spanish group will raise the shutter on two of its young chain stores in the capital. The Swedish company is also preparing to enter the country.

Bang has been responsible for innovation at the H&M Foundation since 2014 and he is also the driving force behind the Global Change Award. As he says, the key to innovation is to feel confident and establish among players.

The company’s net sales decreased by 21 percent in the quarter ended 28 February. The Swedish group has also issued a statement after the boycott suffered in China.

The Swedish giant reported a pre-tax loss of 6.5 billion crowns ($685 million), against a year-ago 5.9 billion profit. The group is going to increase the pace of closures with around 170 gross closures this year.

For the first time, a woman runs one of the four largest fashion groups in the world. Helmersson, who developed her entire career at H&M, has replaced Karl-Johan Persson as chief executive officer.

Stefan Persson will step down as chairman of the board and proposes his son Karl-Johan Persson to succeed him.

The Swedish retail giant ended the last fiscal year (concluded on November 30) with a profit of 13.4 billion Swedish kronor (1.4 billion dollars).

The group, which will present its annual results next Thursday, will has been facing a decline in its benefits for three consecutive years.

Boutiques, flagships, personalization, retail, online. The Swedish giant has reacted to declining sales with with trial and error.

The Swedish group has been experimenting with new store concepts and chains for the past years. H&M has launched three new chains since 2017 and closed other two.

The Swedish company has appointed Jesper Magnunsson, former head of expansion for Spain and Portugal, as new head of global leasing. The executive will be based in Stockholm.

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