HM Founding Family Increases Stake Amid Struggles
The Persson family is quietly increasing its stake in HM as turnaround efforts struggle. Analysts speculate the billionaire founders may take the retailer private.
Xurve View
Insights:
Xurve View
The founding family behind HENNES & MAURITZ AB-B SHS bought 36.8 million shares this year, fueling speculation of a buyout as the retailer's turnaround stalls. The Persson family's Ramsbury Invest holding company lifted its stake past 68% by late August. The gradual accumulation mirrors efforts to take the Swedish fashion chain private.
