Does H&M own Uniqlo?

Excuse me, I was just perusing through some fashion news and I came across a question that has been bugging me for a while. I know that H&M and Uniqlo are both popular clothing retailers, but I'm curious if there's any connection between the two. Specifically, I'm wondering if H&M owns Uniqlo in any capacity. Can you clarify if this is the case or if they're simply two separate companies operating independently in the same industry? I'd appreciate any insight you can provide.