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Market Impact: 0.35
H&M founding family builds stake as turnaround struggles to gain traction
Source: reuters.com
M&A & RestructuringConsumer Demand & RetailCompany FundamentalsManagement & Governance
H&M's billionaire founding family is increasing its stake, prompting speculation that the fast-fashion retailer could be taken private. The potential transaction follows a disappointing turnaround under CEO Daniel Erver, with sales and the share price yet to show significant improvement.
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