Erling Persson

Erling Persson
Born	(1917-01-21)21 January 1917 Borlänge, Sweden
Died	28 October 2002(2002-10-28) (aged 85) Stockholm, Sweden
Known for	Founder of H&M
Children	Stefan Persson Lottie Tham
Relatives	Karl-Johan Persson (grandson) Charlotte Söderström (granddaughter) Tom Persson (grandson)

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]

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

^ "Erling Persson obituary". The Telegraph. 13 November 2002. Retrieved 28 April 2015.
^ ^a ^b ^c 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.
^ 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)

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