Clean Break: the company completely halting Russian engagements or exiting Russia
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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 WithdrawalTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
22242
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. Swedish clothing chain H&M has announced that it has no plans to return to Russia. The company left the country's market in 2022 amid a "special operation".
February 19, 2025 | Swedish chain H&M has no plans to return to Russia |
February 19, 2025 | H&M Says No Plans to Return to Russia | H&M says it has no plans to return to Russia. Swedish clothing chain to wind down operations in the country in 2022 |
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 |
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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