H&M

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H&M is a retailer known for fast-fashion apparel. Erling Persson founded the company in 1947 with one shop in Sweden that he called Hennes, which translates to hers. The shop sold only women's clothing. He would later add shops in Norway as the chain grew. After acquiring a company that sold hunting gear for men, Persson brought men's clothing into his shops and changed the name to Hennes & Mauritz, which eventually led to the H&M name. H&M has a long history of collaborating with famous faces. The chain introduced a line of fashions from Karl Lagerfeld in 2004 and Stella McCartney in 2005. The following year saw exclusive lines released by Viktor & Rolf and Madonna. H&M introduces at least one new collaboration a year, with most collections selling out both online and in-stores. There are now more than 5,000 H&M stores around the world in 74 countries. Stefan Persson, the son of the original founder, now operates the company, which has sales of more than $25 billion a year. H&M sells clothing for men and women today as well as teens and children.