# Chief Executive Officer Daniel Erver speaks of reviving the one-time Swedish highflyer.

*business · news · 2026-04-07 · The Japan Times *

## Key points

- Daniel Erver became H&M CEO in 2024 and is leading a major company overhaul.
- H&M previously faced a $4 billion inventory surplus and a 62% drop in operating profit.
- Current efforts have improved operating margins and profits but not sustained sales growth.
- Erver is requesting investor patience as the turnaround has not yet produced consistent sales increases.

**Countries:** Sweden

[Read the full story on The Japan Times ](https://www.japantimes.co.jp/business/2026/04/07/companies/sweden-hm-rebound-struggle/)

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