H&M
Clothing · 3,599+ locations · United States, Germany, United Kingdom
H&M looks like an ordinary fast-fashion chain, but the founding Persson family still controls 83% of the vote through supermajority shares, even with a public listing and a professional CEO running stores. That transparency-leading supply chain sits beside a record German privacy fine and unresolved wage suits.
The Big Picture
H&M is a publicly traded fast-fashion giant where the founding Persson family still controls the board through supermajority voting shares, even as a professional CEO runs the stores. Industry-leading supplier transparency and a verified emissions target sit next to a record German employee-surveillance fine, unresolved US wage litigation, and sustainability marketing that regulators and journalists have repeatedly found didn't hold up. It answers to public shareholders and a family that has controlled the company for three generations.
The Dirty Details
Ownership
H&M GroupConglomerate
H & M Hennes & Mauritz AB is the Stockholm-based parent of H&M and five other banners, including & Other Stories, COS, and Weekday, trading on Nasdaq Stockholm. The founding Persson family has been steadily buying shares and held roughly 68% of capital and 85% of voting rights as of 30 June 2026, a stake large enough to fuel speculation about an eventual take-private.
Annual revenue: SEK 228.3B (FY2025)
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