The flagship H&M store in downtown Moscow was closed on November 30. Since then, all stores of the H&M Group in Russia have been closed.
H&M is Europe’s largest clothing and accessories retail chain that has been operating in Russia since 2009. Earlier this year, the company announced the decision to gradually phase out its operations in the Russian Federation.
The stores were open for some time to sell the remaining merchandise, but now all the stores are closed for good.
