Hennes & Mauritz (H&M) was born in 1947 to sell women's clothing. It grew with the mass and rapid production of clothing at affordable prices.

H&M earned 775 million euros in 2023 (8,753 million Swedish crowns), more than double that of a year before (316 million euros) In six months, H&m's share price has fallen by around 16%, there have been announcements of closures - 28 stores in Spain - and changes in management have been approved.