business / news / / The Japan Times
Chief Executive Officer Daniel Erver speaks of reviving the one-time Swedish highflyer.
Daniel Erver became H&M CEO in 2024 and is leading a major company overhaul.
KEY POINTS
- 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.
COMPANIES
Summarized by Newsio from The Japan Times . How we summarize →