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Russia: Swedish fashion retailer H&M quits market
Swedish fashion H&M retailer quits Russia, 18 July 2022
The Swedish clothing retailer H&M is the latest business to announce it will cease operations in Russia amid the Kremlin’s unprovoked full invasion of Ukraine.
"After careful consideration, we see it as impossible given the current situation to continue our business in Russia," H&M Group CEO Helena Helmersson said in a statement on July 18.
H&M had suspended sales in Russia in March...