Russian media: H & M announced his withdrawal

Author:Hubei Daily Time:2022.07.19

According to the latest report of Russia on the 18th, Swedish clothing company Hennes -Mauritz Group (HM) issued a statement on the same day, announcing decision to withdraw from the Russian market.

Russia New News Agency: HM decides to withdraw from Russia (market)

HM18 stated on the statement, "HM Group announced on March 2, 2022 that all sales business suspended in Russia. Given the current operating challenges and unpredictable futures, the company announced today that it has decided to start the procedure of stopping the business in Russia."Essence

Source: People's Daily Client, Global Network

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