H&M to buy back own shares for $105 million (updated)

H and M Hennes and Mauritz AB

21/11/2025 07:09

Adds detail of buyback plan in paragraphs 2-3

OSLO, Nov 21 (Reuters) - Swedish fashion retailer H&M HMb.ST said on Friday it has decided to buy back its own shares on the stock market for 1 billion Swedish crowns ($104.83 million).

The board of directors has decided to utilise a buyback authorisation granted by the 2025 annual general meeting to acquire the company's own class B shares, H&M said in a statement.

 Buybacks will start on Friday and could last until January 28 of 2026, the company added.

($1 = 9.5396 Swedish crowns)

(Reporting by Terje Solsvik, editing by Stine Jacobsen)

((terje.solsvik@thomsonreuters.com; +47 918 666 70;))