You are here: Home » Reuters » News
Business Standard

H&M main owner dismisses buyout rumours - Breakit.se

Reuters  |  STOCKHOLM 

STOCKHOLM (Reuters) - There is no truth to recent speculation that H&M founders the Persson family are eyeing a buyout of the retailer, Swedish online news outlet Breakit.se on Thursday quoted main owner and chairman Stefan Persson as saying. "No, there is no bearing whatsoever to those rumours," Persson was quoted as saying at the launch in Stockholm of the group's multi-brand discount marketplace Afound. H&M's shares, which were down 1.3 percent before the news, were down 4.9 percent at 137 crowns at 1116 GMT.The Persson family's investment vehicle has bought shares worth several billion ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 14 2018. 17:20 IST
RECOMMENDED FOR YOU