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H&M Promotes Brand Head Daniel Erver to CEO -- Update

Por: MarketWatch Business January 31, 2024

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Erver, who has worked for 18 years at the company, takes over as CEO with immediate effect. He will retain responsibility for the H&M brand and no successor will be appointed, the company said. Meanwhile, the fashion retailer said it swung to a net profit of 1.59 billion Swedish kronor ($152.7 million) for its fiscal fourth quarter ended Nov. 30 from a net loss of SEK864 million in the year-earlier period. However, analysts had forecast a net... + full article



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