#Latest news with #foundingfamilyBloomberg4 days agoBusinessBloombergH&M Billionaire Quietly Moves Retailer Toward Private OwnershipHennes & Mauritz AB, the fast-fashion retailer that's been listed on the Swedish stock market since 1974, is steadily moving back toward private ownership. The founding family has stepped up purchases of H&M shares, spending more than 63 billion kronor ($6.6 billion) since 2016 and fueling speculation it could take the Stockholm-based company back into private hands — despite denials from family members.
Bloomberg4 days agoBusinessBloombergH&M Billionaire Quietly Moves Retailer Toward Private OwnershipHennes & Mauritz AB, the fast-fashion retailer that's been listed on the Swedish stock market since 1974, is steadily moving back toward private ownership. The founding family has stepped up purchases of H&M shares, spending more than 63 billion kronor ($6.6 billion) since 2016 and fueling speculation it could take the Stockholm-based company back into private hands — despite denials from family members.
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