H&M Group raises 500 million euros with the issue of a new bond and promptly reinvests it: the Swedish fashion group acquires a stake in a young start-up that uses artificial intelligence for the automatic sorting of used clothing.
Better sorting of second-hand clothing
H&M raises fresh growth capital with the issue of an eight-year bond worth 500 million euros. Institutional investors showed considerable interest: at its peak, demand reached 2.4 billion euros, more than seven times the volume offered. According to CFO Adam Karlsson, this demonstrates “strong investor confidence in the direction H&M is taking.”
