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H&M in leadership shake-up as FY profit rises

2020-01-30 12:36:00| Daily apparel & textile news and comment - from just-style.com

Increased full-price sales and decreased markdowns have contributed to a rise in both annual and fourth-quarter profit for Swedish apparel retailer H&M amid a leadership shakeup that sees Karl-Johan Persson step down as CEO as his father Stefan proposes he take over as chairman.

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