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H&M vows more transparency as investors slam “unwillingness” to share information

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H&M is set to hold its first ever meeting between shareholders and management following growing criticism about lack of transparency over its adoption of online operations. Historically the fashion retailer has largely kept investors in the dark over its operations. However, in light of competitors such as Zolando and Asos eating into the retailer’s profits its chief executive Karl-Johan Persson has said that: “We have a responsibility now to be a bit more transparent.” Dwindling sales have seen share prices fall and H&M is set to miss its main financial goal for a second consecutive year

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H&M vows more transparency as investors slam “unwillingness” to share information

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