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Karl-Johan Persson

February 12, 2014

H&M third-gen Karl-Johan Persson has announced the fast-fashion retailer will open its first store in India this year, following approval from the Indian government granted in late 2013.

H&M third-gen Karl-Johan Persson has announced the fast-fashion retailer will open its first store in India this year, following approval from the Indian government granted in late 2013.

In December, the Foreign Investment Promotion Board approved a 7.2 billion rupee (€85 million) investment proposal from the Swedish chain to create a wholly-owned subsidiary in the country.

December 4, 2013

Swedish family empire H&M has been granted approval from the Indian Foreign Investment Promotion Board to launch its stores in the South Asian country, the government announced on Monday.

Swedish family empire H&M has been granted approval from the Indian Foreign Investment Promotion Board to launch its stores in the South Asian country, the government announced on Monday.

The 7.2 billion rupee (€85 million) investment will allow the fast-fashion giant to create a wholly-owned subsidiary in the country, where it has previously said it plans to open 50 stores.

June 10, 2013

The winners of the Families in Business Awards, in association with Societe GenPrivateBanking, are soon to be announced, so take a look at the achievements of CampdenFB's shortlisted candidates. 

The award ceremony will take place on 11 June, at the Cercle National des Armées, in Paris.
 

The winners of the Families in Business Awards, in association with Societe Generale Private Banking, are soon to be announced, so take a look at the achievements of CampdenFB's shortlisted candidates.

The award ceremony will take place tomorrow, 11 June, at the Cercle National des Armées, in Paris.

 

 

January 26, 2012

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Take for example the Bosch Group, the German car parts supplier controlled by descendants of the founding family. Revenues at the Stuttgart-based family business exceeded €50 billion for the very first time last year, according to preliminary figures released by the company this week.

September 29, 2011

Hennes & Mauritz, the Swedish fashion chain controlled by the Persson family, has reported an 18% drop in third-quarter net profit, as global economic conditions hit the fast-fashion retailer.

Hennes & Mauritz, the Swedish fashion chain controlled by the Persson family, has reported an 18% drop in third-quarter net profit, as global economic conditions hit the fast-fashion retailer.

Although sales remained similar – SEK 26.91 billion (€2.9 billion) in 2011 compared to SEK 26.89 billion in 2010 – during the quarter, profits dropped to SEK 3.59 billion from 2010’s third-quarter figure of SEK 4.85 billion.

August 16, 2011

Sales at Swedish family-run business H&M are not growing as strongly as forecasted, leaving managing director Karl-Johan Persson under increased pressure. 

Sales at Swedish family-run business H&M are not growing as strongly as forecasted, leaving managing director Karl-Johan Persson under increased pressure.

Last month, sales at H&M rose just 3% compared to July 2010 - a significant change on the company’s predicted growth of 4.7%. Comparable units sales also took a knocking, decreasing by 6%. Comparable units comprise the stores, online shops and catalogue sales in countries that have been in operation for at least a financial year.

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