H&M curtails business in Russia

18.07.2022,15:49


July 18, Fineko/abc.az. Sweden’s H&M Group (H&M), the owner of Europe's second largest chain of clothing stores, will begin the process of winding down its business in Russia.

ABC.AZ reports with reference to the foreign media that the company will begin the process of curtailing its business in Russia due to “current operational problems and the unpredictability of the future”.

As part of the suspension, the company will temporarily open its stores in Russia to sell the remaining goods.