H&M Investor Heads for Exit as Selloff Tests Crisis Point
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One of H&M’s largest shareholders has lost its patience.
Skandia’s actively managed funds have spent the past months selling off most of its stake in Hennes & Mauritz AB after watching the fashion retailer struggle with weakening sales in its physical stores and intensifying online competition. The Swedish savings and insurance giant says there’s a raft of issues H&M would need to address before it will consider investing again.