Erling Persson, Swedish businessman, founded H&M (born 1917)

Erling Persson was the founder of H&M. 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.

H & M Hennes & Mauritz AB, commonly known by its brand name H&M, is a Swedish multinational fast fashion retailer headquartered in Stockholm. Known for its fast fashion business model, H&M sells clothing, accessories, and homeware. The company has a significant global presence, operating thousands of stores across 75 geographical markets and employing over 100,000 people worldwide.