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H&M closes all stores in Russia — retailer

The flagship store in downtown Moscow was closed on November 30

MOSCOW, December 6. /TASS/. H&M has closed all its retail locations in Russia, the Sweden-based apparel and accessories retailer’s press service told TASS.

"All stores of the H&M Group in Russia have been closed," the press service said.

H&M, Europe’s largest clothing and accessories retail chain, which has been operating in Russia since 2009, previously announced its decision to gradually phase out its operations in the country.

The company decided to leave stores open for some time to sell any remaining merchandise and stores were to be gradually closed later as stocks depleted. The flagship store in downtown Moscow was closed on November 30. There were 146 H&M stores in Russia, the company’s press service said earlier.