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H&M CEO Helena Helmersson quits as sales keep sliding, shares drop

CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability.

H&M CEO quits as sales keep sliding, shares drop

H&M's CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect

H&M boss quits as retail giant loses ground to rivals

Helena Helmersson, 51, originally joined the Swedish business in 1997, rising through the ranks to become chief operating officer, then CEO four years ago.

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