H&M decides to pull out of Russia

H&M decides to pull out of Russia
Credit: Belga

Clothing giant Hennes & Mauritz (H&M) announced on Monday that it would gradually withdraw from Russia due to the invasion of Ukraine.

"After careful consideration, we see that it is impossible to continue our business in Russia given the situation," Group Chief Executive Helena Helmersson said in a statement.

The Sweden-based clothing giant had already suspended sales in Russia since March.


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