Skip to main content

H&M Names Helena Helmersson Chief Executive Officer

PARIS — H&M named Helena Helmersson its new chief executive officer, tapping a long time executive who was most recently chief operating officer. She replaces Karl-Johan Persson, who will become chairman of the board. The move comes as Stefan Persson steps down after two decades in the position.  The announcement of the leadership change followed the Swedish fast-fashion retailer’s report of a 9 percent increase in gross profit, to 33.29 billion Swedish kronor, or $3.46 billion over the fourth quarter, with the group crediting more full-priced sales as contributing to the performance. The company in December reported a 9 percent increase in sales over the fourth quarter, helped by favorable exchange rates. H&M has been overhauling operations, investing in technology and logistics and revisiting store formats.  “The H&M group’s transformation work continues to bear fruit,” said Persson, citing more full-priced sales and fewer markdowns as contributing to improved profit for the full year. Helmersson joined the company in 1997 as an economist in the buying department. She also held the roles of sustainability officer and production manager, based in Hong Kong. For the past year, she has been responsible for logistics, production and other technology-related functions as chief operating officer.

Follow WWD on Twitter or become a fan on Facebook.



from WWDWWD https://ift.tt/2vtGfKA
Labels:

Comments

Post a Comment

Popular posts from this blog

Prince Harry Returns to London With His Signature Style for the Invictus Games Foundation 10th Anniversary

Prince Harry returned to London on Tuesday and Wednesday for events celebrating the 10th anniversary of The Invictus Games Foundation. The Duke of Sussex is the patron of the Invictus Games, a multisport event for wounded, injured and ill servicemen and women launched in March 2014. On Tuesday, Prince Harry was joined by journalist Louise Minchin, entrepreneur Sir Keith Mills and more for a panel conversation titled “Realizing a Global Community.” For the occasion, the British royal family member kept his business attire approachable, opting for a gray suit and white button-down shirt with the top few buttons undone. Louise Minchin and Prince Harry The Duke of Sussex’s conversation with panelists highlighted the global impact the Invictus Games have had since their inception 10 years ago. Prince Harry was also on hand for another event on Wednesday. Prince Harry The Duke of Sussex attended The Invictus Games Foundation 10th Anniversary Service at St. Paul’s Cathedral on Wednesday, ...
Post a Comment
Read more

The 12 Best Floral Delivery Services to Easily Order Christmas Flowers Online

If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. Few gift ideas have stood the test of time quite like a stunning bouquet of flowers filled with a variety of lush, blooming florals along with sprigs of complimentary greenery. Sending an arrangement of flowers is everyone’s favorite go-to gift idea to spread love on Mother’s Day, a birthday, anniversary, to say thanks, or simply show appreciation for someone special in your life. And at this time of year, sending flowers makes for an always-cherished holiday gift as well. Although fresh bouquets won’t last forever, they’re a heartwarming gift. “Flowers are something that makes everyone smile,” says Emily Reifel, director of social events at The Plaza Hotel in New York City. “With flowers, you don’t have to do anything. It’s easy — it comes, it’s beautiful, and the recipient just gets to enjoy the beauty of it. There’s no work on their end at all.” We’ve ...
Post a Comment
Read more

The 12 Best Sunscreens for Acne-prone Skin, According to Dermatologists

If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. If you deal with acne, odds are that you think twice before applying anything new on your skin — forbid the wrong serum, moisturizer, or makeup primer causes a flare up. Sunscreen is a non-negotiable in all skin care routines, and the very best sunscreens for acne-prone skin types will keep your skin calm and covered this season. Regardless of your skin type, tone, or texture, sunscreen is vital for preventing skin cancer, hyperpigmentation, and fine lines and wrinkles. In fact, daily use of a facial sunscreen with a minimum SPF 15 may reduce your risk of developing melanoma, the most serious form of skin cancer, by a whopping 50 percent, according to a 2011 randomized controlled trial published in the Journal of Clinical Oncology. Though most dermatologists agree that SPF 30 is the sweet spot for everyday coverage — particularly in the summer, when t...
Post a Comment
Read more