• Home
  • News
  • Business
  • Ikea-linked investment company buys stake in H&M

Ikea-linked investment company buys stake in H&M

Two Swedish giants are growing closer: Interogo Holding AC, an investment company linked to Ikea, has bought a 190 million US dollar stake in Hennes & Mauritz (H&M), according to news agency Bloomberg. Interogo didn’t previously own any shares in the fast fashion company.

The acquisition of the 0.6 percent stake follows rumors that H&M’s chairman, Stefan Persson, would take the company private, as he’s recently bought stakes himself. Persson has denied the rumors.

Approached by FashionUnited, a spokesperson for H&M said the company chooses not to comment about shareholders and whether they purchase or sell shares. However, the company publishes the list of its 20 largest shareholders on its website.


OR CONTINUE WITH
H&M
Ikea