One Man May Be Propping Up Shares in H&M
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Hennes & Mauritz AB Chairman Stefan Persson is drawing investor attention as he buys up huge amounts of stock in the company amid a share slump.
In April and early May alone, the billionaire acquired about 22.2 million shares in Stockholm-based H&M for 3.06 billion kronor ($346 million), bringing the value of purchases since the beginning of last year to 14 billion kronor.