H&M’s billionaire owners Persson and family tightening grip with share plan


Persson, who has a net worth of US$17.7bil according to data compiled by Bloomberg, and his family have made clear they

STOCKHOLM: Hennes & Mauritz (H&M) AB chairman Stefan Persson and his family may be about to consolidate their control of the struggling Swedish fashion giant through an offer that lets investors convert dividends into new shares.

H&M last week proposed an unchanged dividend for 2017 of 9.75 kronor per share.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , H&M , Stefan Persson , invest ,

Next In Business News

Official reserve assets total US$124bil, says BNM
Pakistan’s growth in September quarter slows
NCT Alliance gets nod for acquisition
Foreign investors dump bonds amid rupee slide
Nor Zahidi continues as MPC member
Indonesian stocks notch best year since 2014 on retail flows
Semico’s FY26 to FY27 revenue expected to grow�
CXMT eyes Shanghai listing to fund DRAM expansion
Malaysia Smelting appoints two co-group CEOs�
Alibaba, Abu Dhabi back AI startup MiniMax’s IPO

Others Also Read