PARIS— Swedish high street giant Hennes & Mauritz AB said its founders would donate 500 million Swedish kronor, or $75.4 million at current exchange, to the H&M Conscious Foundation.
The donation by the family of H&M board chairman Stefan Persson — son of H&M founder Erling Persson and father of chief executive officer Karl-Johan Persson — is earmarked in particular for initiatives promoting children’s health and right to education, among UN Millennium Development Goals.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)