He was in charge of expanding one of the main textile conglomerates in the world to expand its profit by millions of dollars.
Karl-Johan Persson is one of the heirs of the second largest textile conglomerate in the world, H&M. The businessman remained in the position of CEO of the company for 10 years and was in charge of expanding its sales to millions of customers. During this period, the group’s directors highlighted its role as an intermediary in international relations.
The businessman traveled around the world during his mandate to meet with leading government figures. This work allowed the company to expand internationally both in the market and in its production. In addition, he was in charge of the signing of executives to renew the areas of purchasing, logistics, expansion, marketing, among others.
Persson stepped away from top conglomerate positions in early 2020, stating: “I will continue to be an owner committed to the company, just as I am today, but from a different position”. The heir described his mandate by indicating that the group was facing a favorable situation and an increase in profits. In addition, he noted that: “In recent years we have made strong, necessary investments in our group’s infrastructure, mainly in the areas of logistics and technology.”
The story of Karl-Johan Persson and his businesses at the head of H&M
The billionaire was born in Sweden in 1975. His athletic ability would almost change his future by tempting him to dedicate himself to tennis but he chose to study at the European Business School from London to pursue his business. Persson graduated from this institution in 2002 but launched his own company, European Networka year before graduating.
The firm he created was a way to begin his self-taught work experience in the world of finance. This decision momentarily distanced him from the company founded by his grandfather Erling Persson in 1947 and later directed by his father, Stefan Persson. European Network was characterized by being an event organizer. It managed to have offices in Stockholm, London and Barcelona, before being sold to MCI in 2007.
Since this last moment, Karl-Johan Persson has held multiple positions in the H&M workforce.. They ranged from the expansion, development, brand and new projects sectors until it passed through the administrative councils of the subsidiaries in Denmark, the United Kingdom, the United States and Germany. This allowed him position himself as general director at 33 years old and carry out the changes mentioned above.
How much is Karl-Johan Persson’s fortune, according to Forbes
Karl-Johan Persson 2.jpg
Göteborgs-Posten
The eldest of Stefan Persson’s three children became one of the main heirs of the family company. It became led by Helena Helmersson. Despite moving away from H&M, the Swedish billionaire still has a fortune of 1.9 billion dollars according to Forbes magazine.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
