By  on September 7, 2010

PARIS — Swedish high street giant Hennes & Mauritz AB said its founders would donate shares worth one billion Swedish kronor, or $138 million at current exchange rates, to a fund that will pay out incentives to its long-term staff.

“The program is intended to further strengthen H&M as an attractive employer, which will also benefit future recruitment during H&M’s major global expansion,” the company stated.

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