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Saturday, 26 August 2023 04:54

H&M to Resume Operations in Ukraine in November

 

Swedish fashion retailer H&M announced on Thursday that it plans to reopen most of its stores in Ukraine starting in November. The company had temporarily closed its stores in Ukraine in February 2022 following the Russian invasion.

H&M said it is closely monitoring the security situation in Ukraine and will reopen its stores only when it is safe to do so. The company also said it is considering divesting its Russian operations.

H&M has eight stores in Ukraine. The company employs around 6,000 people in the country.

 

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