Who actually owns the high street fashion brands?
For example the H&M group controls retailers like H&M COS, Cheap Monday, Monki, Weekday and & Other Stories. Most of these companies have been formed by H&M themselves while Cheap Monday was a company they bought in 2008. GAP Inc owns retailers such as Old Navy, Athleta, Intermix, Banana Republic, resulting in a yearly net income of 684 million pounds. Arcadia Group has a net income of 205 million pounds, and owns Burton's menswear, Peter Robinson, Miss Selfridge, Dorothy Perkins, Wallis, Evans and Outfit. Intidex is the actual owner of 8 internationally known brands such as Zara, Zara Home, Bershka, Massimo Dutti, Pull & Bear, Stradivarius, Oysho and Uterque. They net annually 903 million pounds.
There are also a few other bigger companies that help run the show such Urban Outfitters, Peter Simon, French Connection, and Kamani Family. If you want to read more about it, you can get a bigger picture here.