![Swedish retailer H&M sees profits slump after Russia exit](https://apiwp.thelocal.com/wp-content/uploads/2022/07/000_32ET9DQ-646x431.jpg)
H&M
![Swedish clothes giant H&M to wind down Russian business](https://apiwp.thelocal.com/wp-content/uploads/2022/07/000_32ET9DQ-646x431.jpg)
H&M
Swedish clothes giant H&M to wind down Russian business
Swedish fashion retailer H&M said on Monday it had decided to wind down operations in Russia, after pausing all sales there in March following Moscow's invasion of Ukraine.
Swedish fashion retailer H&M said on Monday it had decided to wind down operations in Russia, after pausing all sales there in March following Moscow's invasion of Ukraine.