Erling_Persson

Erling Persson

Erling Persson

Swedish businessman

Erling Persson (21 January 1917 – 28 October 2002) was the founder of H&M (Hennes & Mauritz).[1][2] He got the idea following a post-World War II trip to the United States: He was impressed by the country's efficient, high-volume stores.[2]

Quick Facts Born, Died ...

He established the company in Västerås, Sweden, in 1947 selling women's clothing, calling it Hennes, Swedish for "hers." In 1968, Persson acquired the premises and inventory of a Stockholm hunting equipment store named Mauritz Widforss. In 1982, his son, Stefan Persson took over as the managing director, and today is the chairman of the board.[2] The Persson family owns about 47% of the company and has a 74% voting rights.[3]

References

  1. [1]
    "Erling Persson obituary". The Telegraph. 13 November 2002. Retrieved 28 April 2015.
  2. [2]
    Watson, Linda (2 November 2002). "Erling Persson: Founder of the fashion retailer H&M". The Independent. Archived from the original on June 19, 2010. Retrieved 25 September 2010.
  3. [3]
    E24. "H&M-leverandører sparker tusenvis av misfornøyde ansatte". E24 (in Norwegian Bokmål). Retrieved 2019-02-05.{{cite web}}: CS1 maint: numeric names: authors list (link)
Share this article:

This article uses material from the Wikipedia article Erling_Persson, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.