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H&M Names New CEO in Surprise Move

The company surprised investors with the announcement that H&M brand head Daniel Ervér will takeover from outgoing chief Helena Helmersson.
H&M has named brand chief Daniel Ervér as the fast fashion giant's new CEO.
H&M has named brand chief Daniel Ervér as the fast fashion giant's new CEO. (H&M)

H&M’s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability.

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