Actress Daisy Edgar-Jones dressed in Simone Rocha x H&M for the announcement of the H&M´s new collaboration with the London-based fashion designerSweden's H&M swung to a loss in the December-February period that roughly matched expectations and said on Wednesday it would not propose a dividend at its upcoming annual general meeting, but possibly later in the year. The pretax loss in the world's second-biggest fashion retailer's fiscal first quarter was 1.39bn crowns (€135m) against a year-earlier profit of 2.5bn (€244m). Analysts polled by Refinitiv had on average forecast a 1.41bn (€138m) crown loss. Sales in March 1-28, the first month of H&M's second quarter, were up 55pc measured in local currencies.

Source: Irish Independent March 31, 2021 07:03 UTC