H&M Group takes steps to exit Russia
As communicated on March 2, 2022, H&M Group paused all sales in Russia. Given current operational challenges and an unpredictable future, the company today announces that it has decided to initiate a process of winding down the business in the country. H&M Group has run operations in Russia since 2009. The company regrets that the business cannot continue under the current circumstances and that many colleagues are affected as a consequence. The focus now is to ensure a responsible wind down of operations and support all colleagues concerned in the best possible way over the coming