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H&M Group has appointed a new chief executive following the surprise resignation of Helena Helmersson, who made headlines as one of the first high-street fashion CEOs with a background in corporate sustainability.
STOCKHOLM (AFP) – H&M chief executive Helena Helmersson announced yesterday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter. Helmersson, who has spent four years at the helm and said the job had been “very demanding at times for me personally”, will […]
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The departure of the Swedish clothing giant's chief executive coincides with a slowdown in sales
European retailer H&M surprised outsiders with the resignation of CEO Helena Helmersson on Wednesday after weak sales numbers over the previous fiscal year.