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Ailing H&M's CEO plans store closures, markdowns, new format in revamp

Published Wed, Jan 31, 2018 · 09:50 PM
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Stockholm

HENNES & Mauritz AB (H&M) is embarking on one of its biggest store-closure programmes as chief executive officer Karl-Johan Persson steps up efforts to right the ailing Swedish clothing chain.

The company plans to shu…

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