H&M announced on Wednesday the resignation of its CEO, Helena Helmersson. She is replaced, with immediate effect, by Daniel Ervér.
H&M certainly multiplied its net profit by 2.5, and turnover reached 236 billion crowns. But the drop in operating margin is worrying. It exceeded 20% in 2010; it fell to 7.2% in the fourth quarter of 2022-2023. As for sales… This article is reserved for subscribers. You have 76% left to discover.