Erling Persson
Encyclopedia
Erling Persson was the founder of H&M
(Hennes&Mauritz). He got the idea following a post-WWII trip to the United States as he was very impressed by efficient, high-volume stores.
The company was established in Västerås
, Sweden, in 1947 by Erling Persson, though at the time it only sold women's clothing and was called Hennes, Swedish for "hers." In 1968, Persson acquired the premises and inventory of a Stockholm hunting equipment store named Mauritz Widforss.
In 1982, Erling Persson's son, Stefan Persson took over the position as the Managing Director, and today he is the Chairman of the Board. The Persson family owns about 33% of the company and has a 69% voting right.
H&M
H & M Hennes & Mauritz AB is a Swedish retail-clothing company, known for its fast-fashion clothing offerings for women, men, teenagers and children....
(Hennes&Mauritz). He got the idea following a post-WWII trip to the United States as he was very impressed by efficient, high-volume stores.
The company was established in Västerås
Västerås
Västerås is a city in central Sweden, located on the shore of Lake Mälaren in the province Västmanland, some 100 km west of Stockholm...
, Sweden, in 1947 by Erling Persson, though at the time it only sold women's clothing and was called Hennes, Swedish for "hers." In 1968, Persson acquired the premises and inventory of a Stockholm hunting equipment store named Mauritz Widforss.
In 1982, Erling Persson's son, Stefan Persson took over the position as the Managing Director, and today he is the Chairman of the Board. The Persson family owns about 33% of the company and has a 69% voting right.