Founded in Stockholm , Sweden in 1947 by Erling Persson , H & M ( Hennes & Mauritz ) is a clothing , accessory , footwear and cosmetics store chain . According to Forbes , it employs 114,586 people , bringing in a sales revenue of $ 22.67bn , with a market cap of $ 39.9bn . It places 506th on Forbes ’ “ World ’ s Biggest Public Companies ”, ninth on Forbes ’ “ Top Ten Retailers to Work For ”, and fifth on Gartner ’ s “ Top 25 Supply Chains 2017 ”. According to Industry Week , it scores a perfect 10 on Gartner ’ s Corporate Social Responsibility ( CSR ), expanding its online and offline operations as well as bringing technological advances and automation into its distribution centres . According to the company website , the target growth is 10-15 % per year in local currencies . 2018 will see Ukraine and Uruguay joining the H & M business , as well as the first standalone H & M Home storefront .

“ H & M scores a perfect 10 on Gartner ’ s Corporate Social Responsibility ( CSR ), expanding its online and offline operations as well as bringing technological advances and automation into its distribution centres ”

70 February 2018