Business · CA ·
H&M founding family quietly builds majority stake in retailer
The Globe and Mail · Business
Published · Updated
- The Persson family's holding company bought 36.8 million H&M shares this year, regulatory filings show.
- The family and related entities owned more than 68 per cent of H&M shares at end of August, up from 49.5 per cent at start of 2021.
- Analysts say the family's increasing stake fuels speculation it could take the fast-fashion retailer private.
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