Home breadcru News breadcru Announcement breadcru Swedish apparel brand H&M temporarily pauses sales in Russia

Swedish apparel brand H&M temporarily pauses sales in Russia

03 Mar '22
1 min read
Pic: H&M
Pic: H&M

Swedish apparel brand H&M Group has decided to temporarily pause all sales in Russia. The company has said that it is deeply concerned about the tragic developments in Ukraine and stands with all the people who are suffering. The stores in Ukraine have already been temporarily closed due to the safety of customers and colleagues.

The situation is continuously monitored and evaluated. Representatives of the company are in dialogue with all relevant stakeholders, H&M said in a media release.

“H&M Group cares for all colleagues and joins all those around the world who are calling for peace. Clothes and other necessities are donated by the company. H&M Foundation has also made donations to Save the Children and to UNHCR,” the release added.

ALCHEMPro News Desk (KD)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!