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...H&M has appointed Daniel Ervér as new chief executive of the group, succeeding Helena Helmersson. Ervér has been with H&M for 18 years, most recently as the head of the H&M brand....
...H&M will close more stores than it opens this year, he added....
...He laughs when I remark that it looks like organised mess. “I am a very organised person, but this season especially I’m enjoying the uncontrolled look as well.”...
...Daniel is a competent, experienced and respected leader and has the qualities needed to continue to develop the H&M group,” said Karl-Johan Persson, H&M’s chair and a former chief executive....
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...“I’m trying to create a pathway for people like me, to be able to see what is possible and to be able to be in those rooms [where deals are done].”...
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
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...H&M’s new chief executive Daniel Ervér has pledged to cut the time it takes to get new collections into stores....
...“I’m feeling good about this being early-to-mid cycle for the classic investment banking, capital markets business around the world,” said Pick, who took over from longtime chief James Gorman in January....
...I’m Claer Barrett, the FT’s consumer editor....
...“I’m not ready to say that, but I question his record.”...
...“I’m really very grateful,” says Casimir....
...OK, I say, what are you reading right now? “Well, I’m on the Pulitzer [Prize] board, so if I tell you stuff I’ve enjoyed it’s kind of a clue.”...
...And the good news is that centrist dads are back in the game, parkrunning every weekend (well I’m not, but I’m told others are) and wearing our relaxed-fit Blue Harbour jeans with pride....
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...Over the same period shares in fast fashion rival H&M, which previously reported a drop in December and January sales, are up less than 6 per cent....
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