Tuesday, January 23, 2018

H&M Investor Heads for Exit as Selloff Tests Crisis Point

NREI Online

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.. . . more