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H&M profit target in spotlight as cost-cutting gathers pace, Retail News, ET Retail

H&M, which sold more than $22 billion in clothing and accessories in its 2023 financial year, aims to reach an operating margin of 10% by the end of 2024. Faced with falling sales, the retailer with around 4,300 global stores is intensifying cost-cutting, prioritising profitability over revenues. ....

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Pia Lundberg Succeeds Jonas Holmberg as Goteborg Film Festival's Artistic Director

Pia Lundberg, a Swedish film industry veteran, is set to succeed Jonas Holmberg as the new artistic director of Göteborg Film Festival, Scandinavia’s leading film-TV event. Lundberg most recently served as counsellor for cultural affairs at the Embassy of Sweden in London for the last five years. A former journalist, Lundberg also served as head of international at … ....

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