Stefan Persson


Stefan Persson

Persson is the largest shareholder in Hennes & Mauritz, Europe's second-biggest clothing retailer. The company was founded by his father, Erling, in 1947. Today it operates about 2,500 stores in 43 countries with a staff of 94,000 employees. The company reported sales of more than $16 billion for the financial year ended Nov. 30, 2011.

Stefan Persson News

  • Zara Billionaire Widens Lead on Rivals: Chart of the Day

    Amancio Ortega, the world’s third- richest man, widened his lead over billionaire fast-fashion rivals Stefan Persson and Tadashi Yanai last week, as strong performance from his Inditex SA gave further rise to a fortune that has risen more than 57 percent since the March 2012 debut of the Bloomberg Billionaires Index.

  • The World’s 200 Richest People

    Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.

  • World’s Wealthiest Gain as Persson Adds $1.9 Billion

    The world’s wealthiest people added a combined $3 billion to their collective net worth this week as Swedish retail tycoon Stefan Persson, 64, became the third- richest man in Europe.

  • Hammerson to Divest Building in Paris’s Fashion District for $219 Million

    Hammerson Plc agreed to sell a building in Paris’s fashion district to Ramsbury AB for 165 million euros ($219 million).

  • H&M Chief Persson Sees China Overtaking Germany as Top Market

    Hennes & Mauritz AB Chief Executive Officer Karl-Johan Persson sees China overtaking Germany as the company’s largest market as the fashion retailer opens stores there at a faster pace than anywhere else.

  • H&M CEO Persson Sees China Overtaking Germany as Biggest Market

    Hennes & Mauritz AB Chief Executive Officer Karl-Johan Persson sees China overtaking Germany as the world’s second-biggest clothing retailer’s largest market as the company opens stores there at a faster pace than anywhere else.

  • H&M Ponders Latin America, Australia for Future Stores

    Hennes & Mauritz AB , Europe’s second- largest clothing retailer, is looking at opening its first store in the southern hemisphere to tap emerging-market growth and catch up with larger rival Inditex SA.

  • Stocks Rally in Europe for First Time in Five Days

    European stocks gained for the first time in five days as automakers and mining companies rallied after the Group of 20 nations pledged to safeguard economic growth while cutting debt.

  • Portugal Billionaire Sells Lollipops, Champagne in Poland

    In 2003, Luis Amaral bought Eurocash SA, a Warsaw-based grocery business, for 120 million Polish zlotys ($30 million). The operation was losing money. Competitors were taking market share. Its owner, Jeronimo Martins SGPS SA, the Lisbon-based retail operation controlled by billionaire Alexandre Soares Dos Santos, wanted nothing to do with it.

  • Ortega Tops Buffett With Zara Fortune of $53.6 Billion

    Inside Inditex SA’s concrete-and- glass headquarters in the Spanish town of Arteixo, a lithe woman slips into a dress that a seamstress working amid buzzing sewing machines stitched together just minutes earlier. A half circle of designers -- looking like models themselves -- nod approval.

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