Latest news with #StefanPersson
Canada News.Net
03-07-2025
- Business
- Canada News.Net
H&M founding family boosts stake, buyout speculation intensifies
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential move to take the company private. Regulatory filings released this week show that Ramsbury Invest, the family's leading holding company, purchased 42.75 million shares in the first half of this year. Ramsbury is primarily owned by Stefan Persson, Sweden's wealthiest individual and the son of H&M founder Erling Persson. This marks a quicker pace than previous years. In 2024, Ramsbury acquired 56.85 million shares over the entire year, and in 2023, the family bought 55.65 million shares. "As the family owns more shares, they have a higher dividend to reinvest, which would support increased share purchases," said Deutsche Bank analyst Adam Cochrane, who believes the family will eventually take H&M private, possibly by 2030. According to H&M's website, the Persson family and its related entities held more than 64 percent of the company's shares as of the end of May. H&M redirected Reuters' inquiries to a spokesperson for Ramsbury Invest, who declined to comment on the ongoing stake-building or the possibility of a future buyout. "I think they will, in due time, take it private — the question is, is it now, or in ten or 20 years?" said Peter Magnusson, a portfolio manager at Cicero Fonder in Stockholm. He added that such a move would likely require outside financing or partners. H&M, which was founded in 1947 by Erling Persson, is currently valued at around 187 billion Swedish crowns (US$19.7 billion). The business was led for nearly three decades by Stefan Persson, who handed the reins to his son Karl-Johan Persson in 2009. In 2020, H&M appointed its first chief executive from outside the family, while Karl-Johan became chair. H&M shares have fallen nine percent since the start of the year. Some investment bankers expect more publicly listed retail companies to go private, especially amid ongoing market turbulence tied to U.S. President Donald Trump's tariff policies.
Fashion Network
01-07-2025
- Business
- Fashion Network
Billionaire H&M founding family speeds up share purchases
The billionaire Persson family is stepping up its stake in the H&M fashion group it founded. Recent regulatory filings point to an acceleration in share purchases, which could intensify speculation over a future take-private bid. According to the Swedish financial regulator, the family's Ramsbury Invest holding company, primarily owned by Sweden's richest man, Stefan Persson, bought 42.75 million H&M shares in the first half of this year, with the most recent transaction on Monday. That represents a faster pace than in 2024, when Ramsbury Invest purchased 56.85 million shares across the year. In 2023, the family had bought 55.65 million shares. "As the family owns more shares, they have a higher dividend to reinvest, which would support increased share purchases," said Deutsche Bank analyst Adam Cochrane, who expects the family to take H&M private by 2030. According to the company's website, the Persson family and its related companies owned more than 64% of H&M's shares at the end of May. H&M referred Reuters' questions about the share purchases to a spokesperson for Ramsbury Invest, who declined to comment on the stake-building or on the possibility of the company being taken private. "I think they will, in due time, take it private — the question is, is it now, or in ten or 20 years?" said Peter Magnusson, portfolio manager at Cicero Fonder in Stockholm. Magnusson added that the family would likely need to find external financing or partners to buy the whole company. H&M's market value is around 187 billion Swedish crowns ($19.7 billion). Investment bankers expect more publicly listed retailers to go private due to tariff impacts and market volatility under U.S. President Donald Trump. H&M's share price has been down 9% since the start of this year. H&M was founded by Erling Persson in 1947. His son Stefan took over as CEO in 1982, staying in the role for 27 years before handing it over to Karl-Johan Persson in 2009. In 2020, H&M got its first chief executive from outside the family, with Karl-Johan becoming chair. ($1 = 9.4806 Swedish crowns)
Fashion Network
01-07-2025
- Business
- Fashion Network
Billionaire H&M founding family speeds up share purchases
The billionaire Persson family is stepping up its stake in the H&M fashion group it founded. Recent regulatory filings point to an acceleration in share purchases, which could intensify speculation over a future take-private bid. According to the Swedish financial regulator, the family's Ramsbury Invest holding company, primarily owned by Sweden's richest man, Stefan Persson, bought 42.75 million H&M shares in the first half of this year, with the most recent transaction on Monday. That represents a faster pace than in 2024, when Ramsbury Invest purchased 56.85 million shares across the year. In 2023, the family had bought 55.65 million shares. "As the family owns more shares, they have a higher dividend to reinvest, which would support increased share purchases," said Deutsche Bank analyst Adam Cochrane, who expects the family to take H&M private by 2030. According to the company's website, the Persson family and its related companies owned more than 64% of H&M's shares at the end of May. H&M referred Reuters' questions about the share purchases to a spokesperson for Ramsbury Invest, who declined to comment on the stake-building or on the possibility of the company being taken private. "I think they will, in due time, take it private — the question is, is it now, or in ten or 20 years?" said Peter Magnusson, portfolio manager at Cicero Fonder in Stockholm. Magnusson added that the family would likely need to find external financing or partners to buy the whole company. H&M's market value is around 187 billion Swedish crowns ($19.7 billion). Investment bankers expect more publicly listed retailers to go private due to tariff impacts and market volatility under U.S. President Donald Trump. H&M's share price has been down 9% since the start of this year. H&M was founded by Erling Persson in 1947. His son Stefan took over as CEO in 1982, staying in the role for 27 years before handing it over to Karl-Johan Persson in 2009. In 2020, H&M got its first chief executive from outside the family, with Karl-Johan becoming chair.
Fashion Network
01-07-2025
- Business
- Fashion Network
Billionaire H&M founding family speeds up share purchases
The billionaire Persson family is stepping up its stake in the H&M fashion group it founded. Recent regulatory filings point to an acceleration in share purchases, which could intensify speculation over a future take-private bid. According to the Swedish financial regulator, the family's Ramsbury Invest holding company, primarily owned by Sweden's richest man, Stefan Persson, bought 42.75 million H&M shares in the first half of this year, with the most recent transaction on Monday. That represents a faster pace than in 2024, when Ramsbury Invest purchased 56.85 million shares across the year. In 2023, the family had bought 55.65 million shares. "As the family owns more shares, they have a higher dividend to reinvest, which would support increased share purchases," said Deutsche Bank analyst Adam Cochrane, who expects the family to take H&M private by 2030. According to the company's website, the Persson family and its related companies owned more than 64% of H&M's shares at the end of May. H&M referred Reuters' questions about the share purchases to a spokesperson for Ramsbury Invest, who declined to comment on the stake-building or on the possibility of the company being taken private. "I think they will, in due time, take it private — the question is, is it now, or in ten or 20 years?" said Peter Magnusson, portfolio manager at Cicero Fonder in Stockholm. Magnusson added that the family would likely need to find external financing or partners to buy the whole company. H&M's market value is around 187 billion Swedish crowns ($19.7 billion). Investment bankers expect more publicly listed retailers to go private due to tariff impacts and market volatility under U.S. President Donald Trump. H&M's share price has been down 9% since the start of this year. H&M was founded by Erling Persson in 1947. His son Stefan took over as CEO in 1982, staying in the role for 27 years before handing it over to Karl-Johan Persson in 2009. In 2020, H&M got its first chief executive from outside the family, with Karl-Johan becoming chair.
Fashion Network
01-07-2025
- Business
- Fashion Network
Billionaire H&M founding family speeds up share purchases
The billionaire Persson family is stepping up its stake in the H&M fashion group it founded. Recent regulatory filings point to an acceleration in share purchases, which could intensify speculation over a future take-private bid. According to the Swedish financial regulator, the family's Ramsbury Invest holding company, primarily owned by Sweden's richest man, Stefan Persson, bought 42.75 million H&M shares in the first half of this year, with the most recent transaction on Monday. That represents a faster pace than in 2024, when Ramsbury Invest purchased 56.85 million shares across the year. In 2023, the family had bought 55.65 million shares. "As the family owns more shares, they have a higher dividend to reinvest, which would support increased share purchases," said Deutsche Bank analyst Adam Cochrane, who expects the family to take H&M private by 2030. According to the company's website, the Persson family and its related companies owned more than 64% of H&M's shares at the end of May. H&M referred Reuters' questions about the share purchases to a spokesperson for Ramsbury Invest, who declined to comment on the stake-building or on the possibility of the company being taken private. "I think they will, in due time, take it private — the question is, is it now, or in ten or 20 years?" said Peter Magnusson, portfolio manager at Cicero Fonder in Stockholm. Magnusson added that the family would likely need to find external financing or partners to buy the whole company. H&M's market value is around 187 billion Swedish crowns ($19.7 billion). Investment bankers expect more publicly listed retailers to go private due to tariff impacts and market volatility under U.S. President Donald Trump. H&M's share price has been down 9% since the start of this year. H&M was founded by Erling Persson in 1947. His son Stefan took over as CEO in 1982, staying in the role for 27 years before handing it over to Karl-Johan Persson in 2009. In 2020, H&M got its first chief executive from outside the family, with Karl-Johan becoming chair. ($1 = 9.4806 Swedish crowns)
