Low-cost fashion brand Hennes & Mauritz AB has become the latest company to suspend its activities in Russia and Ukraine, saying it had decided to temporarily pause all sales in its Russian stores and temporarily close its Ukrainian shops “due to the safety of customers and colleagues.”
The Stockholm-based group said Wednesday that it was “deeply concerned about the tragic developments in Ukraine and stand with all the people who are suffering.” It added that it was “in dialogue with all relevant stakeholders.”
H&M said clothes “and other necessities” had been donated and the H&M Foundation, which is privately funded by the founders and main owners of the group, had made donations to Save the Children and to UNHCR, the UN refugee agency.
