H&M Hennes & Mauritz AB Class B
Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue (90%), but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing more quickly. H&M commands around 1.6% market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 15% in Asia and Oceania, and 17% in North and South America. The company operates 4,955 stores globally (62% of those in Europe), of which 4,433 are H&M-brand stores.