The Persson family behind H&M is increasing its stake, sparking speculation of a buyout to take the retailer private. Ramsbury Invest has bought 36.8 million shares this year. CEO Daniel Erver's turnaround has yet to lift sales, with the stock down over 50% since 2015. Third-quarter results are due Thursday.
H&M founding family boosts stake amid turnaround doubts
Source: Reuters