H&M, the multinational clothing company based in Sweden, has announced it is leaving Russia but will temporarily reopen its shops there to sell off its remaining stock. The world’s second-biggest clothing retailer said it was “impossible” to continue its business in Russia due to the Ukraine war. The decision comes after the Swedish firm suspended all sales in Russia in […]
Hennes & Mauritz AB, the Swedish multinational clothing-retail company, known for its fast-fashion clothing for men, women, teenagers, and children, plans to cut 250 of its stores globally. H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. The planned closures will come next year after the firm said the COVID-19 […]
