H&M swaps CEO after another disappointing year
CEO Helena Helmersson gives up on H&M after another disappointing year, even though net profit doubled and sales grew.
Source: retaildetail.eu
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H&M Appoints New CEO in Surprise Move as Profit Margin Falls
H&M surprised investors on Wednesday with a new CEO, Daniel Erver, taking the role with immediate effect as the Swedish fashion retailer struggles to boost sales in a fiercely competitive market. Outgoing CEO Helena Helmersson said she had decided to step down and leave H&M, saying the role has been very personally demanding. The world's second-biggest listed fashion retailer after Inditex, H&M is aiming to reach an operating margin of 10% this year and has focused on profitability rather than cutting prices.
Source: aawsat.com
H&M Shares Slide After Results Miss Expectations
By Andrea Figueras Shares in H&M Hennes & Mauritz dropped after the company posted an operating profit for its fiscal fourth quarter that missed...
Source: marketwatch.com
H&M Promotes Brand Head Daniel Erver to CEO Post -- 3rd Update
By Andrea Figueras H&M Hennes & Mauritz said Chief Executive Helena Helmersson was stepping down after four years in the top job and will be replaced by...
Source: marketwatch.com
H&M's surprise CEO change hits shares as chain's profit lags
Under Helmersson’s tenure, H&M lost a fifth of its market value as it grappled with the pandemic, stubbornly high inventory levels that only recently began to moderate.
Source: moneyweb.co.za