PARIS – The board of Hennes & Mauritz AB will propose a two-for-one stock split at its annual general meeting on April 29, whereby each of its existing shares will be divided into two new shares in a move designed to make it more appealing to investors.
Stock splits traditionally occur when a company’s share price has been steadily rising. Shares in H&M are up 41 percent since the beginning of the year on the Swedish stock exchange, and were up 0.3 percent at 440.20 Swedish krona, or $61.18 at current exchange rates, in morning trading.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"