TOPIC

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H&M

Hennes & Mauritz (H&M) is a Swedish clothing retailer, with outlets in 43 countries. It is ranked the second largest global clothing retailer, just behind Spain’s Inditex, the parent of ZARA, according to Wikipedia.

Chairman / President

Karl-Johan Persson

CEO / Managing Director

Daniel Ervér

CFO / Finance Director

Adam Karlsson

Industry

Fashion & Beauty

Website

hmgroup.com

Headquarters address

Stockholm, Mäster Samuelsgatan 46A, Sweden

Stock Code

H&M B

Year founded

1947

last updated:

30 September, 2024

Urban Revivo’s largest store in Southeast Asia in the One Bangkok complex, pictured on December 12, 2024. Photo: Yuke Xie

Banking & finance

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E-commerce

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Fame and celebrity

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29 Sep 2024 - 4:00AM

E-commerce

Shein gets green light for US$514-million supply chain hub project in Guangzhou

Local authorities have granted 25 construction approvals for the project’s initial phase, covering a development area of at least 800,000 square metres.

22 Aug 2024 - 1:53PM

The new infrastructure project looks to deepen Shein’s roots in Guangzhou, where a vast network of small suppliers helped the company’s rise as a global fast-fashion juggernaut. Photo: Shutterstock

E-commerce

In China’s Guangzhou, a web of factories gives rise to Shein

An extensive army of manufacturers, managed through a complex digital system, has fed Shein’s meteoric growth.

6 Jul 2024 - 12:00PM

Fashion

Behind Singapore handbag brand Aupen, loved by Beyoncé and Taylor Swift

Singapore brand Aupen has celebrity fans and has pumped out several covetable designs since the handbag label’s inception in late 2022. The team behind it talk to the Post about its overnight success.

17 Jun 2024 - 3:11PM

Fame and celebrity

Meet Quannah Chasinghorse, the indigenous model who wowed at the Met Gala

The 21-year-old indigenous up-and-comer made her Met Gala debut in 2021 and recalls feeling ‘really lonely’ – this year, she owned the event in a custom gown and created a ‘safe space’ for newbies

10 May 2024 - 7:30PM

US model and actress Quannah Chasinghorse arrives for the 2024 Met Gala at the Metropolitan Museum of Art on May 6, 2024, in New York. Photo: AFP

Millionaires and billionaires

H&M billionaire Stefan Persson’s sprawling English country estate

The country estate has farmland, forest and a river for trout fishing – with visitors invited to tour the brewery and distillery, or book a room at the pub

18 Feb 2024 - 4:00AM

E-commerce

Temu accuses Shein of ‘mafia-style intimidation’ in fresh US lawsuit

PDD-owned Temu has filed a fresh US lawsuit against fast-fashion rival Shein accusing it of illegal and anticompetitive practices as part of a “desperate plan” to sabotage its business.

14 Dec 2023 - 11:37PM

Bangladesh garment industry

Opinion | Bangladesh garment worker protests make clear price of fast fashion

It’s time for introspection and change, from the global conglomerates, rich countries that are the consumer havens for fast fashion, and customers alike.

13 Dec 2023 - 5:30AMvideocam

Bangladesh police stand guard as garment workers demand higher salaries in Dhaka on November 2. Photo: AFP

China trade

With designs on China, H&M targets Chinese consumers via localisation hub

H&M launched a design hub at the China International Import Expo in Shanghai this week amid efforts to improve the localisation of its products.

8 Nov 2023 - 9:15PMvideocam

Launch of the H&M China design hub at the China International Import Expo in Shanghai on Monday. Photo: Mandy Zuo

Bangladesh

Fashion brands face higher costs as Bangladesh workers get almost 60% pay hike

Following a week of deadly clashes between garment workers and police over pay, the government announced a 56.25 per cent wage hike starting on December 1 – the first increase in five years.

8 Nov 2023 - 3:45PMvideocam

Bangladesh

Striking Bangladesh garment workers clash with police as factories reopen

Clashes broke out after thousands of workers attempted to prevent their colleagues from returning to their shifts. Workers say an increase in living costs has left them struggling to provide for their families, and are demanding a pay-rise.

4 Nov 2023 - 6:03PMvideocam

Fashion

Meet Iris Apfel, the “accidental” style icon who just turned 102

‘Geriatric starlet’, ‘accidental icon’, ‘rare bird’ … Iris Apfel is one of New York’s most celebrated fashionistas, and shows no sign of slowing down at age 102

6 Sep 2023 - 4:00AM

Iris Apfel just turned 102 – but she’s as stylish as ever, pictured here in Hong Kong for the “Wisdom of Individuality” exhibition at Landmark, in May 2017. Photo: Landmark

Consumer protection in Hong Kong

A stretch too far? No link between yoga pants’ price and quality: Hong Kong watchdog

Some expensive brands show noticeable reduction in stretchiness and slow evaporation rate, consumer watchdog says after testing 20 brands.

15 Aug 2023 - 6:51PM

Yoga pants priced between HK$149 and HK$980 were examined by the watchdog. Photo: Yik Yeung-man

Environment

Fashion brands driving green shipping, industry giant says

Retailers that ship huge volumes of clothes from countries such as China, Vietnam and Bangladesh, causing CO2 emissions, are feeling the pressure from consumers.

30 Jun 2023 - 10:14PMvideocam

Fashion

Mugler’s Casey Cadwallader on the fashion house’s iconic legacy – interview

When Cadwallader joined Mugler as the fashion label’s creative director in 2018, it was no small feat – he chats to Style on its H&M collab, styling celebs, and his vision for the future

21 Jun 2023 - 7:00AM

Fashion

Mugler is coming to H&M in a not-to-be-missed collab this May – interview

Mugler H&M is set to release on May 11, using archival pieces from the 80s and 90s to pay tribute to its late founder Thierry Mugler – we chat to the creatives behind the collection

27 Mar 2023 - 3:17PM

H&M and Mugler are collaborating on a one-of-a-kind, highly anticipated collection set to release this May. Photo: Handout

Business of climate change

Why is Li Ka-shing backing a start-up that spins yarn from kelp?

US-based Keel Labs extracts polymer from seaweed to produce a yarn it hopes will replace environmentally damaging fibres used in garments and textiles.

26 Jan 2023 - 3:00PMvideocam

Malaysia

Spycam videos taken at Malaysia H&M store fitting room allegedly sold online

Police pledged to conduct a thorough investigation to bring those responsible to justice after the 11-second video went viral on social media.

12 Jan 2023 - 12:06PMvideocam

Fashion

‘The white man’s waste’: why fast fashion is burying African beaches

‘Recycling’ schemes from fast-fashion giants like H&M and Zara result in less than 1 per cent of old clothes turned into new items. In nations like Ghana, the result is all around.

3 Dec 2022 - 6:15PM

Fishermen walking across the refuse at Chorkor beach near Accra.

Xinjiang

China cotton production set to grow as Xinjiang offsets drought-hit regions

Total cotton production in China is expected to increase by 5.8 per cent year on year, although demand has weakened, while the US’ Uygur Forced Labour Prevention Act has also hurt the market.

25 Nov 2022 - 10:55PMvideocam

Total cotton production in China is expected to reach 6.138 million tonnes in 2022, with 5.634 million tonnes expected to be produced in Xinjiang. Photo: Xinhua

Fashion

Can H&M and Asos still compete with Shein after it provides faster delivery?

Chinese fast-fashion giant Shein is looking to get its ultra-low-priced clothing to US consumers quicker via local distribution centres, putting pressure on competitors like H&M and Asos.

4 Nov 2022 - 5:17AM

Fashion

Rihanna and Billy Eilish helped make bucket hats trendy. How to wear them

Hat trends come and go, but one that keeps coming back is the bucket hat. Obsolete by the ’90s, the hat has been endorsed by celebrities and picked up by luxury fashion labels. Maybe this time it’s not going anywhere.

11 Oct 2022 - 9:25AM

China-EU relations

‘Ideology is trumping the economy’, EU chamber in China warns foreign firms

The EU Chamber of Commerce in China does not expect the Chinese border to fully reopen until the second half of 2023, and says ‘China is losing the allure that it used to have’.

21 Sep 2022 - 8:51AM

The EU Chamber of Commerce in China is calling for more dialogue between Brussels and Beijing to de-escalate geopolitical tensions. Photo: AFP

Retailing

China’s ‘extremely competitive’ fashion sector a hard sell for foreign labels

Social media posts of sales at Gap stores in China fuelled further speculation that another foreign clothing brand is set to reduce its footprint in the country as an ongoing rise in nationalism appears to be increasing favouritism for domestic brands.

24 Aug 2022 - 7:30PMvideocam

Foreign brands in China are seen to be struggling to compete with domestic brands who leverage large social media followings to offer cheaper products at lower prices via live streaming and e-commerce platforms. Photo: Bloomberg

Alibaba

Swedish fast-fashion giant H&M back on Alibaba shopping platform Tmall

H&M’s return to Tmall marks an initial step to help restore the company’s lustre in China, where it has borne the brunt of a backlash against foreign companies that refuse to buy Xinjiang cotton.

16 Aug 2022 - 9:05PMvideocam

China-EU relations

China’s zero-Covid uncertainty may see European firms ‘vote with their feet’

Beijing’s stringent approach to containing Omicron outbreaks is the biggest challenge for European businesses in China for the second year running, a new survey by a business lobby shows.

20 Jun 2022 - 3:00PMvideocam

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