World & BusinessH&M's founding family reportedly builds stake, fueling take-private speculation
Reuters reports that CEO Daniel Erver's turnaround efforts have so far failed to boost H&M's shares or lift sales significantly.
TLDR
H&M's billionaire founding family is quietly increasing its stake, Reuters reports, fueling speculation that it could take the fast-fashion retailer private. Reuters says CEO Daniel Erver's turnaround efforts have so far failed to boost the shares or lift sales significantly.
H&M's founding family reportedly builds stake, fueling take-private speculation
Reuters reports that CEO Daniel Erver's turnaround efforts have so far failed to boost H&M's shares or lift sales significantly.
TLDR
H&M's billionaire founding family is quietly increasing its stake, Reuters reports, fueling speculation that it could take the fast-fashion retailer private. Reuters says CEO Daniel Erver's turnaround efforts have so far failed to boost the shares or lift sales significantly.