H & M was founded in 1947 by erling Persson in V ü ster å s, Sweden. Today, H & M sells clothing and cosmetics in more than 1500 stores around the world. The world's first H & M store is located in storagatan street, V ü ster å s, Sweden. Key words for H & M fans: * H & M chief designer: Margaret van den Bosch * H & M was founded in Sweden in 1947. *Today, H & M has more than 1500 stores in 28 countries, selling clothing and cosmetics. *H & M's business philosophy is to provide fashion and quality at the best price. *H & M has nearly 100 designers who work with a team of 60 typographers, about 100 purchasers and some budget controllers to develop H & M's men's, women's, children's and youth collections. *H & m also sells its own brand of cosmetics. *H & M's chain stores launch new products every day. *H & m also sells fashion through catalogues and the Internet. You can shop online at H & M shop online in Sweden, Denmark, Finland, Norway, the Netherlands, Austria and Germany. *H & M does not have any factories of its own. Instead, it works with about 700 independent suppliers, mainly in Asia and Europe. *H & M has 20 production offices around the world.