“Mister H&M” stops | Financial

Stefan Persson (l.) Opened the H&M in Times Square, New York in 2013, together with Lady Gaga.

Ⓒ Getty Images

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STOCKHOLM – Hennes & Mauritz – “patriarch” Stefan Persson leaves as chairman of the Swedish clothing chain. The 72-year-old billionaire, one of the richest people in the world, transfers that function to his son Karl-Johan, who in recent years had already been entrusted with the daily management of the fashion group.

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