H&M is a Swedish clothing brand founded by Erling Persson in 1947 and it sells clothing, accessories and cosmetics in more than 1,500 boutiques worldwide. The old Haines Morris store on Stora Gatan Street in the Swedish city is the first Haines Morris store in the world. It buys the cheapest fabrics, and all OEM processing points are selected in regions with the cheapest labor, such as China and Turkey. In 1997, H&M issued a commitment that all products were marked with the place of production and the brand's business philosophy is "to provide fashion and quality at the best price". Look for more H&M at ModaGracia.