Swedish billionaire Stefan Persson's family nears the 90% needed to take H&M private
The Persson family bought 36.8 million H&M shares this year, lifting its stake above 68% from 49.5% in 2021 and fuelling take-private talk.
Retail
A supplier is trying to wind up Botswana tycoon Chandra Chauhan's Sefalana over $615,000 debt
Sefalana Cash & Carry faces a winding-up petition in Botswana's High Court over a disputed R10 million supplier claim the group is contesting.
Billionaire Mike Ashley tightens grip on Hugo Boss as chairman steps down
Billionaire Mike Ashley is tightening his grip on Hugo Boss as Frasers Group raises its stake to 48% and targets majority control of the German fashion house.
South African billionaire Saltzman family's Dis-Chem sheds $432 million in three months
Dis-Chem has lost about $432 million (R7 billion) in market value in three months as the billionaire Saltzman family relinquished control following weak annual results.
Botswana tycoon Chandra Chauhan's Sefalana cuts dividend 60% as diamond slump hits profit
efalana posted record revenue of P12.1 billion but its first profit fall since 2017, cutting the total dividend to 20 thebe from 50 thebe.
Mauritian tycoon Arnaud Lagesse bets on African consumers as IBL revenue tops $2 billion
Mauritian tycoon Arnaud Lagesse is steering IBL Group deeper into African consumer markets, where East Africa now supplies 37% of group revenue.