NREI Online
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.. . .
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