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H&M vows to close retail chain in Russia by year-end — news agency

H&M suspended its operations in Russia in early March

STOCKHOLM, November 3. /TASS/. The Sweden-based apparel retailer H&M plans to close its store chain in Russia completely by the end of the year, Direkt news agency said on Thursday, citing the retailer.

H&M suspended its operations in Russia in early March.

"We are implementing our plan and still have a certain number of temporarily opened stores to sell out balances at warehouses. Stores are being closed gradually, in line with the plan, and we expect the last store to be closed by the end of the year,".