H & M Hennes & Mauritz AB (operating as H&M) is a Swedish multinational retail-clothing company, known for its fast-fashion clothing offerings for women, men, teenagers and children.It has over 2,300 stores in 43 countries and as of 2011 employed around 94,000 people.It is ranked the second largest global clothing retailer, just behind Spain-based Inditex (parent company of ZARA), and leads over third largest global clothing retailer, United States based GAP Inc.The design team in the company’s Sweden office controls the steps of production from merchandise planning to establishing specifications, and production is outsourced to approximately 800 factories in Europe and Asia. These facilities are used for horizontal division of labor rather than being integrated.
Net income sek 18.68 billion (2010)