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.
H&M Group has named Daniel Ervér as president and CEO, succeeding Helena Helmersson who has decided to step down from the role, as its group operating profit for the full year ending 30 November 2023 has increased to SEK 14,537m (£1,100.28).
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