Janne Einola, H&M India head, quits after 23 years

Janne Einola, country manager for H&M India, has resigned from the post citing personal reasons. Einola, who served in the Swedish fashion retail major, was in charge of its India operations since H&M’S entry into the market in mid-2015.

Starting his career at H&M in Finland as a department manager in 1997, Einola held several different positions within the company in different functions and markets in Scandinavia and Eastern Europe. During his tenure in India, Einola built H&M’S business from the ground up. Today, the brand has close to 50 stores across 15 cities. In 2018-19, its total revenue surged 39 per cent year-on-year to ~1,236 crore and net profit grew 29 per cent to ~45 crore. “For the past 5 years, he has driven India’s fast expansion and locally relevant customer experience, gut has now decided to move on for personal reasons. He will be taking a break before deciding on the next course of his professional life”, H&M management informed Business Standard.