H&M Stake Buying Heats Up Buyout Speculation Amid Ultra-Cheap Competition
4 reports, 1 independent
Updated Sep 23
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What happened
Investor buying is intensifying competition among fast fashion giants, including H&M. The Persson family, through Ramsbury Invest, has been quietly increasing its stake in H&M. Regulatory filings show that the holding company bought 36.8 million H&M shares this year. The family and related entities held over 68% of H&M shares at the end of August.
From rte.ie
Why it matters
This buying spree fuels speculation that the family intends to take H&M private. The accumulation of shares comes amid CEO Daniel Ervér's efforts to boost the company's share price and sales. Analyst Adam Cochrane of Deutsche Bank expects the family to take H&M private by 2030.
From rte.ie
Who's involved
- H&MSwedish multinational clothing-retail company facing competitive pressure.
- SheinChinese-Singaporean online fashion retailer competing directly with H&M.
- InditexSpanish multinational clothing company facing intense market rivalry.
- Ramsbury InvestSwedish holding company involved in the accumulation of H&M shares.
- Daniel ErvérCEO of H&M, responsible for guiding the company's corporate strategy.