H&M owners quietly buying its shares

Time of India

4 hours ago

HighlightsHennes & Mauritz, the fast-fashion retailer listed on the Swedish stock market since 1974, is moving closer to potential private ownership as the founding family increases their share purchases. The Persson family, one of Sweden's wealthiest families, has invested over $6.6 billion since 2016 to raise their stake in Hennes & Mauritz from 35.5 percent to nearly 64 percent through their holding company Ramsbury Invest. Despite growing speculation about taking Hennes & Mauritz private, family members have denied any intentions to do so, stating they simply 'believe' in the company founded in 1947 by Erling Persson.
Hennes & Mauritz (H&M), the
fast-fashion retailer
that's been listed on the Swedish stock market since 1974, is steadily moving back towards private ownership.
The founding family has stepped up purchases of H&M shares, spending more than $6.6 billion since 2016 to amass nearly two-thirds control and fuelling speculation it could take the Stockholm-based company back into private hands — despite denials from family members.
The Perssons, one of Sweden's wealthiest families, has ramped up insider buying by reinvesting dividends, boosting its H&M stake to almost 64 per cent from 35.5 per cent over the past nine years through a holding company
Ramsbury Invest
, saying little about their intentions other than that they 'believe' in H&M, founded in 1947 by Erling Persson.