LVMH chief financial officer Jean-Jacques Guiony said China is a “complex country,” but the group is not worried about doing business there.
The line replaces the fast-fashion label’s Conscious Collection.
H&M sales in the Dec. 1 to Jan. 27 period were down 23 percent in local currencies compared with the same period last year.
& Other Stories will open in Shanghai’s upscale shopping mall iAPM, while Arket picks Beijing to open first its China flagship this fall.
The executive replaces Kristina Stenvinkel, who will work for the Persson family company.
The line, featuring vases, cushion covers, blankets and candles, will launch next year.
The business imperative for sustainability may be greater than it has ever been — and more urgent.
H&M will sell paper bags for 15 euro cents and give the sum to EcoTree to finance biodiversity projects in France.