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“You have to sow before you can reap”.
|Date of Birth||4 October 1947|
|Source of Wealth||H&M|
|Education||The University of Stockholm|
Stefan Persson is majorly responsible for turning the Swedish fashion company, H&M into an international retail giant.
Stefan Persson with his commendable effort and tremendously high vision made H&M Europe’s largest apparel retailer. The firm became a global giant and employed more than 76,000 people all across the globe in around 2,200 stores. The company spread its operations in about 37 countries with sales reaching in excess of $16 Billion.
He had a unique selling point and the brands sold through H&M were in-house labels. Later Stefan Persson entered the fashion market on global note and seeked design lines from the fashion designers, like Karl Lagerfeld, Matthew Williamson, Versace, Stella McCartney, Jimmy Choo, and Marni. He started working for the famous singers Kylie Minogue and Madonna.
Stefan Persson is one of the founders of a Foundation, named the Mentor Foundation. The aim of this trust is to fight against consumption of drugs among the youth. The Queen of Sweden and the Queen Noor of Jordan serve as its trustees.
Stefan Persson purchased 2,000 acres Linkenholt village near Andover, Hampshire which comprises Edwardian-style manor house, 425-acre wood, a cricket ground, 1,500 acres of farmland and 21 cottages leased to villagers.
Stefan Persson is the owner of the lavish mansion located in South West England which is spread across 8,500 acres.
In 2009, Stefan Persson bought an entire village in Hampshire.
He also acquired the 2,000 acres of land along the countryside for an estimated value of $40 Million.
Stefan Persson owns an estate in Wiltshire spread over 8,500 acres worth $15 Million where he hosts partridge and pheasant shoots.
Stefan Persson also owns properties in London, Paris and Stockholm.
Stefan Persson learned fashion retailing from his father, Erling Persson. Erling Persson was the main brain behind Hennes (“Hers”) in Västerås, Sweden, in 1947, the first in women’s clothing.
Erling Persson, Stefan Persson’s father who started the company Hennes bought the clothing retailer Mauritz in 1965 that merged with Hennes and added men apparels resulting in Hennes & Mauritz going public in 1974.
H&M was more into designing and did not take up the alterations of garment designs for specific national or regional markets.
Stefan Persson enjoys downhill skiing, tennis and golf.
Stefan Persson is a sports lover and likes to play tennis and golf in his spare time.