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H&M acquires minority stake in retail technology platform

December 19, 2024 by Angela Beevers

H&M Group has acquired a minority stake in a Swedish retail technology platform. A customer of Voyado for several years, the fashion and homewares retailer said... View Article View Article

ABOUT H&M

H&M, which stands for Hennes & Mauritz, is a multinational fashion and homewares retailer with an HQ in Sweden.

H&M Company Profile

H&M, which stands for Hennes & Mauritz, is a multinational fashion and homewares retailer with an HQ in Sweden. With its clothing stores focusing on fast-fashion, the group operates in 74 countries, holding around 5,000 stores and employing 126,000 people. It was founded by Erling Persson in Vasteras in Sweden in 1947 and is now run by his son (and majority shareholder) Stefan Persson, along with his grandson Karl-Johan Persson. In the most recent financial year, H&M stated that 28% of sales made were online purchases. Brands under the umbrella of the wider H&M Group include H&M, H&M Home, Weekday, Cos, Monki and Arket. This makes the group the second-largest global clothing retailer, only behind the Spanish firm Inditex (the parent company of Zara). H&M has collaborated on campaigns with some of the world's most famous celebrities including Beyonce, Lana Del Rey and Kylie Minogue. There have also been collections with designers such as Stella McCartney, Karl Lagerfeld, Jimmy Choo and Alexander Wang. H&M products and services:

Womenswear
Menswear
Baby and Childrenswear
H&M Home
Beauty

Ownership The founder of H&M Erling Persson passed most of the company down to his children. His son Stefan Persson and family own 50.5% of the total shares and 76% of the voting shares. Meanwhile, his daughter Lottie Tham and family hold 5.4% of the total shares and 2.6% of the voting shares. There are other investors and groups holding between 1% and 5% including JP Morgan Chase which owns 2% of the total shares and 1% of the voting shares. Some H&M shares are available to the public too via Nasdaq Stockholm. Therefore the brand is a public limited company, but the majority of shares are privately held.

Stores

H&M Group has 5,000 stores across the world as of November 2020. These include:

H&M: 4,429
COS: 291
Weekday: 57
Monki: 123
H&M Home: 17
Arket: 21

The stores are spread across 74 different markets worldwide. The H&M Group has 289 stores in the UK at this time, with the majority being H&M stores.

All H&M products and services can be viewed and ordered online. The company offers thousands of weekly delivery slots as well as a click and collect service.

Employees

H&M Group has 110,000 employees globally across a variety of roles. Some of these positions include sales advisors, pattern makers, designers and business analysts.

Head office

The H&M UK head office is located in London at:

1st Floor, 164-182 Oxford Street, London, W1D 1NN

The global H&M group head office is located in Stockholm at:

Mäster Samuelsgatan 46A, SE -106 38 Stockholm, Sweden

Financials

All figures appear in Swedish Krona, as this is the home of the brand. An approximation of (SEK 1 = £0.08) was used, which is unlikely to be very accurate due to time periods. H&M financials are accessible via Companies House.

Year to 30 November 2020
Revenue: SEK 187.031bn (£14.96bn)
Pre-Tax Profit: SEK 2.052bn (£160m)

Year to 30 November 2019
Revenue: SEK 232.755bn (£18.62bn)
Pre-Tax Profit: SEK 17.391bn (£1.392bn)