The Swedish billionaire squire is at it again. Stefan Persson was in the last few days hoovering up more stock in Hennes & Maurtiz, the company founded by his father, Erling Persson, back in 1947.
According to Bloomberg, Persson just spent around $153 million on 10.4 million shares in Hennes & Mauritz in the last few days...
So, after a hiatus of several months Stefan Persson, the chairman of Hennes & Maurtiz, was today adding to this year's mammoth share purchase.
The Swedish billionaire squire - who owns vaste swathes of Britain's West Country - has this year spent almost $1 billion on buying shares in the company his father founded 71 years ago but today he added another 5.46 million shares to his shareholding, according to Bloomberg...
Stefan Persson has reportedly denied any plans to take Hennes & Maurtiz private amid talk he has tapped up lenders for financing a buy-out.
Yet since the Swedish retail giant unveiled second quarter figures last month the billionaire has bought over $120 million worth of Hennes & Mauritz. This buying spree comes after Persson splurged around $700 million on Hennes & Maurtiz stock in April and May this year...
It emerged today the billionaire chairman of Hennes & Mauritz has been selling a chunk of his stake in Hexagon, the Swedish measurement technology business.
Local media claim Steffan Persson (via his Ramsbury vehicle) has slotted around 4.2 million Hexagon shares in May, raising around 2 billion Swedish Kronas.
Meanwhile, shares in Hennes & Maurtiz - the beleguered fashion retailer founded by Persson's grandfather - jumped almost 5pc during the session...