STOCKHOLM, Jan 31, 2024 (BSS/AFP) - H&M's chief executive Helena Helmersson announced Wednesday she was stepping down after four years at the helm and following a year in which the fast-fashion retailer's net profit more than doubled.

Helmersson, who said the job had been "very demanding at times for me personally", will be replaced by Daniel Erver, who has worked for the group for 18 years in various roles.