Hennes & Mauritz to Book 4Q Restructuring Charge of Around $76 Mln

Hennes & Mauritz to Book 4Q Restructuring Charge of Around $76 Mln

By Dominic Chopping STOCKHOLM–Sweden’s Hennes & Mauritz AB said Wednesday that it expects to book a restructuring charge of just over 800 million Swedish kronor ($75.6 million) in the fourth quarter related to its cost-cutting program. The fashion retailer has previously outlined plans to reduce annual administrative and overhead costs by around SEK2 billion in … Read more