Karl-Johan Persson news and archive

H&M: why the Persson family is buying back its own shares on a massive scale

H&M's founding family is continuing to purchase shares in the Swedish group. Its holding company, Ramsbury Invest, has acquired almost 39 million euros worth of additional shares. This is part of a series of regular transactions over several months, as the stock has underperformed since the start of the year. This methodical signal is being...

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Karl-Johan Persson to step in as H&M Group Chairman, Helena Helmersson named new CEO

After serving the company for over 20 years as Chairman of the board, Stefan Persson has decided not to stand for re-election at the AGM on May 7, 2020, paving way for current CEO Karl-Johan Persson to succeed him in the role. The company’s board of directors has therefore appointed Helena Helmersson as the new CEO of H & M Hennes & Mauritz AB....

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Exclusive: 15 minutes with H&M Group CEO Karl-Johan Persson

Stockholm - H&M was founded over 70 years ago in Sweden by Erling Persson, the grandfather of current CEO Karl-Johan Persson. Since then, the company has become one of the biggest fashion businesses in the world, with stores in more than 70 countries and a portfolio of brands including Cos, Monki and &OtherStories. Given its position, H&M Group’...

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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...

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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...