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.