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H&M Chairman's wealth surges $2 billion after buyout reports
short by Krishna Veera Vanamali / on Wednesday, 19 September, 2018
Shares of H&M surged 17% on Monday boosting the wealth of Chairman Stefan Persson after reports that he was considering taking the Swedish fashion retailer private. Persson, the 70-year-old son of the company's founder, saw his fortune increase by nearly $2 billion to $15.9 billion. His younger sister Lottie Tham's wealth surged by almost $250 million to $2.6 billion.
read more at Bloomberg Quint