Stefan Persson

FB Roundup: ArcelorMittal, Melia Hotels, H&M

May 8, 2020

ArcelorMittal upbeat about steel recovery despite $1.1 billion coronavirus loss, Escarrer family has Melia Hotels audited for Covid-19 health and safety, H&M clothing sales plummet 57% in two months as lockdowns bite.

ArcelorMittal upbeat about steel recovery despite $1.1 billion coronavirus loss

Family-owned steel giant ArcelorMittal has suspended its dividend after a net $1.1 billion loss in the first coronavirus-stricken quarter of 2020, but its family principal says steel demand is beginning to rally as lockdowns ease.

FB Roundup: H&M, Louis Dreyfus Company and LVMH

January 31, 2020

Principal makes way for next gen succession at H&M, Louis Dreyfus Company heiress open to selling stake and Hong Kong headwinds hit LVMH.

Principal makes way for next gen succession at H&M

The billionaire Persson family principal of Sweden’s Hennes & Mauritz has called for his son to succeed him as chairman as the $1.7 billion fast fashion family business welcomes its first female chief executive in its 73-year history.

Chinese next-gen revealed as world’s youngest billionaire

March 5, 2014

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

At age 24, Hong Kong native Perenna Kei is an 85% shareholder in the family business and a non-executive director. Her father, Ji Haipeng, is chairman and chief executive of the company.