Veckans Affärer

"The farmer’s son Melker Schörling has made a remarkable journey. He has gradually built an enormous fortune, valued at 55 billion, starting from two empty hands. Nothing has come for free, even though global growth and the stock market have contributed. As recently as 2005, the fortune was valued at “only” 5 billion kronor according to Veckans Affärer 2016."

"“I decided quite early on to become financially independent, remembering my father’s words. At home, money had been a scarce resource and it gave me three options: to win the lottery, to try to make some stock deals, or to become a co-owner in a good company. It became a combination of the latter two. Before I joined Securitas, I had made several good stock deals,” he said in an interview with Veckans Affärer in 2006."

"During Frederik and Eva Paulsen’s time with the company, the business was established. Ferring developed, produced, and sold pharmaceuticals independently. Foreign expansion had begun, partly because Frederik Paulsen wanted to protect the family business from the Swedish state. The heavy tax burden and the ongoing discussion about nationalizing the pharmaceutical industry risked destroying everything the Paulsen family had built up. Frederik Paulsen was active in Ferring for nearly three decades, although he began to reduce his involvement with the company after his 60th birthday in 1969. During the 1970s, he gradually handed over responsibility to the then management. When Frederik Paulsen Jr joined Ferring in 1976, it opened the door for a possible generational shift, but from the start, it was not certain that it would be the youngest of six siblings who would take over Ferring. Neither for Frederik Paulsen Senior nor Junior. The founder was skeptical, and the son was reluctant. He expressed this in an interview with Veckans Affärer in 2013: “In the late 1960s when I was 17, my father asked me what I thought he should do with the company in the future. Then I replied: Give it to the employees. It was in the spirit of the times. I wasn’t at all interested in taking over then.”"

"By the end of the 60s, there are thirty-eight H&M stores across Sweden. "The massive post-war baby booms, wage drift, and the teenage dominance in fashion have created a never-ending demand," writes Veckans Affärer in 1967 in a portrait of Erling Persson.[13](private://read/01jas9tvg84jycb27616w1f9k8/#note-13) He has also opened stores in Norway and Denmark. H&M is catching up with both Gulins and KappAhl."