H&M will close all stores in Russia until the end of the year. “Paper”

The Swedish company H&M plans to close all retail outlets in Russia by the end of 2022, writes RBC with reference to a message posted on the Swedbank news portal.

H&M said that more than half of its stores have already closed in Russia – out of 172 existing ones. The press service of the company added that “the closure of stores is happening gradually, as planned. <…> We want to make sure that the termination of our activities in the country is carried out responsibly.”

General picture. The phased closure of H&M Group stores in Russia has been going on since September. By October 4, 42 stores in 23 Russian cities were closed, the press service told Paper.

Formerly RIA Novosti reportedthat H&M has begun to permanently close stores in Russia: for example, one of the Moscow stores in Kashirskaya Plaza is already closed, and in a store on Skhodnenskaya Street, customers are warned about the closure on October 5th.

Get the top news of the day – and a hopeful story 🌊

Subscribe to the evening papers newsletter


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button