A 40% increase in H&M's investment will keep the company's teams busy in 2023, when they will be working on a number of new projects

With revenues up 6% to €19.9 billion but net profit down by two-thirds, the H&M firm recently released mixed results for fiscal 2022 and revealed its strategy for the current year. H&M has decided to take the first step toward this goal by considerably increasing its investment spending in 2023. The planned rise in capital expenditures for the group is substantial, exceeding 40% from the current level of SEK7 billion to SEK10 bill....