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Who owns the high street: H&M group

Includes H&M, Cos, Weekday, & Other Stories, Monki, Arket

A trip to London shopping hub Regent Street reveals the H&M group’s growing influence on the high street. As well as several H&M stores around the area, the Swedish group opened flagships for new concept Arket and young fashion brand Weekday last summer. Stores from its other fascias Cos, Cheap Monday, & Other Stories and Monki are all less than a five-minute walk away. 

Swedish entrepreneur Erling Persson opened the first Hennes (Swedish for ”her”) in the city of Västerås in 1947, buying hunting and fishing retailer Mauritz Widforss in 1968 and rebranding as Hennes & Mauritz. The Swedish giant remains a family-run business – the Persson family own 41.7%. The company is run by chief executive Karl-Johan Persson, grandson of the founder.

Off-price concept Afound, due in Sweden this year, could also make its way to UK shores.  



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