H&M has said the closure of its Russian stores has resulted in a sales slowdown (Mike Egerton/PA)
(Picture: PA Archive)Swedish high street retailer H&M is to withdraw operations from Russia, the company has announced, becoming the latest multinational business to fully exit the country.
The world’s second largest fashion retailer said “current operational challenges and an unpredictable future” were responsible for the decision to wind down the company. H&M said stores would re-open temporarily in a bid to sell remaining stock.
