H&M

Participation of H&M in the Russo-Ukrainian war

4 March 2022 - H&M has stopped all sales in Russia due to its invasion of Ukraine

18 July 2022 - Retailer H&M has announced that it is leaving Russia

21 July 2022 - H&M began to terminate lease agreements with shopping centers in Russia

28 July 2022 - H&M has put its business in Russia up for sale

25 August 2022 - The H&M chain made an advance payment for the lease of retail space in Moscow almost a year in advance

17 September 2022 - H&M is leaving Belarus: stores will open only to sell leftovers

4 November 2022 - H&M has already closed more than half of its stores in Russia, and will close the last ones by the end of the year

6 December 2022 - H&M has closed its last store in Russia

27 January 2023 - H&M reported a sharp drop in profit: the exit from Russia also affected it

24 August 2023 - H&M announced the resumption of work in Ukraine

18 June 2024 - H&M has started the process of liquidation of the Russian company

Should I buy H&M products and services?

You should not buy H&M products or services because H&M paying salaries and taxes in Russia they help russians to make more weapons

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