Who Owns Our High Street Stores?
For many people, the last thing on their mind in the middle of a big shopping session, is what happens to their money once they made their purchases. However, new research carried out by My Voucher Codes has revealed that our highstreets chains are controlled by 4 main companies; Arcadia Group, Gap Inc., Inditex and H&M.
With routes tracing back to 1904, although officially not called Arcadia Group until 1998, this company owns leading brands such as Miss Selfridges, Wallis, Topshop, Topman, Dorothy Perkins and Burton Menswear and has a net income of £205.1 million.
Owning brands which include GAP, Old Navy and Athleta, Gap Inc. was established by the Fisher family in 1969. The Fisher family is still heavily involved with the company, which has a net income of £648 million.
With a net income of £903 million, Inditex was founded by Amancio Ortega and Rosalia Mora in 1975. This company now owns a number of high street fashion brands including Oysho, Bershika, Zara and Zara home.
H & M
Established in 1947 by Erling Persson, the H & M Company owns a number of additional high street brands including COS andWeekday and has a net income of 1.7 billion.