Karl-Johan Persson news and archive

Profit for the H&M Group halves during Q1 FY18

London - It has been a difficult start of the year in terms of sales for H&M Hennes & Mauritz AB Group. The Swedish fashion group previously reported that sales had declined in the first quarter and now profit has halved for the first quarter ending February 28, 2018. "As communicated previously, the start of the year has been tough," said...

Retail

H&M plans further expansion as profits leap

Swedish fashion giant H&M announced a sharp rise in profits Tuesday as the company continues to expand with new outlets and online sales services. The group's net profits surged by 36 percent to 3.61 billion kronor (425 million dollars, 388 million euros) in the first quarter (December to February) on the back of a 25 percent growth in sales to...

Apparel

H&M's CEO awarded Pontus Schultz prize for more humane economy

Karl-Johan Persson, chief executive officer at H&M was this year's recipient of the Pontus Schultz prize for a more humane economy at a ceremony held on Monday. The award is presented each year by the Pontus Schultz Foundation to individuals within the business industry who have contributed significantly to a more diverse, equal and sustainable...