H&M slashes 150 jobs as it merges Monki and Weekday brands
H&M Group has announced the closure of its Monki head office in Gothenburg, Sweden, “regrettably” cutting around 150 jobs within the business as it confirms the merger of its Monki and Weekday brands.
The group said in a statement that it hopes the merger will “form the umbrella of a new youth destination”.
The shake-up includes the return of a “small assortment of jeans” from its Cheap Monday brand, which shut its doors to shoppers in 2019.
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