Dagens Industri

"Maybe more people should have listened to Tord Hellmark. Then they wouldn’t have been so surprised by what happened next. Hellmark was one of three middle-aged men from Örebro who founded the independent school company Fourfront and later sold it to JB Education. Here’s what he said to Dagens Industri on October 13, 2006: “Running a school and selling refrigerators is the same thing. The key is keeping your ear to the ground and seeing where the needs are for our customers, the students.”"

"It is said to have taken H&M ten years to achieve profits in Germany, but afterwards, the country was for a long time the clothing company’s largest market. It took about as long for the Bonnier-owned Dagens Industri to become a cash cow. Stenbeck built his media empire against the wind; for a long time, his project was seen as the expensive, pointless playground of a powerful man. Over the years, the playground became the backbone of the dynasty."

"Eventually, Stefan Persson triumphs over Göran Persson's government. The tax proposal is changed, and Stefan Persson receives a nearly tailor-made law on wealth tax, where he is completely exempt from taxation. The law applies to the small group of shareholders who own more than 25 percent of the votes in a company that was listed on the stock exchange's A-list before January 1, 1992. Dagens Industri calls them "tax nobility".[61](private://read/01jas9tvg84jycb27616w1f9k8/#note-61) The number of companies affected can be counted on the fingers of one hand—and one of them is Hennes & Mauritz. Not only that, all members of the Persson family are covered by the law, regardless of whether the shares are owned directly or through wholly-owned companies."

""In cases where the rules have not required it, I have never gone public with what I do with my private placements and I am not doing it now either," Stefan Persson tells Dagens Industri.[69](private://read/01jas9tvg84jycb27616w1f9k8/#note-69)"