Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
H&M (Hennes and Mauritz)
H&M (Hennes and Mauritz)
H&M (Hennes and Mauritz) is a Swedish company and Europe's largest clothing retailer.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalRevenue(RF), mln.USD
13
Assets(RF), mln.USD
12
Capital(RF), mln.USD
0
Glob.Revenue, mln.USD
22242
Shops
168
Staff(RF), 2021
6910
Swedish retailer H&M, which has been operating in Russia since 2009, confirmed the closure of all Russian stores.
The Company Statement
June 18, 2024
Halt sales (170 locations). H&M is selling its business in Russia. The brand's stores were temporarily open to sell off leftovers. The main legal entity of the Swedish retailer H&M has started the process of liquidation of its Russian branch.
| April 06, 2023 | Clothes were carried out according to losses: Brands that left Russia lost a couple of billion |
| January 27, 2023 | H&M Earnings Hit By Russia Exit, Soaring Costs |
| December 06, 2022 | H&M has closed its last store in Russia |
| November 03, 2022 | H&M: HAS NOW CLOSED OVER HALF OF THE RUSSIAN STORES (Direkt Nyheter) - Aktiellt |
| October 29, 2022 | H&M profit drops after Russia exit costs |
| October 04, 2022 | Swedish fashion giant H&M witnesses fall in profits owing to Russia exit |
| July 18, 2022 | H&M Group takes steps to exit Russia |
| April 11, 2022 | These are the companies that have pulled out of Russia since its invasion of Ukraine |
| March 02, 2022 | H&M Group temporarily pauses all sales in Russia |
| March 02, 2022 | H&M announced the suspension of sales in Russia |
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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