May
02
One Man May Be Propping Up Shares in H&M
ByHennes & Mauritz AB Chairman Stefan Persson may be single-handedly propping up shares in the Swedish fashion retailer.
In April alone, the billionaire acquired about 18.2 million shares in Stockholm-based H&M for 2.46 billion kronor ($278 million), bringing the value of purchases since the beginning of last year to 13.4 billion kronor…