H&M reorganizes global structure, Greater China downgraded
H&M is undergoing a global organizational restructuring, moving from nine regional business units to 26 sales markets managed under four new continental divisions. The Greater China region has been downgraded to one of these sales markets, falling under the new Continent Asia Pacific division. The changes are set to be officially announced around the company's semi-annual report on June 25th and will take effect on July 1st. AI