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STOCKHOLM–Sweden’s Hennes & Mauritz AB will completely exit Russia given the operational challenges and unpredictable future in the country, leading to one-off costs of around 2 billion Swedish kronor ($191 million), it said Monday.
The fashion retailer SE:HM.B paused all sales in Russia at the beginning of March as a result of the invasion of Ukraine and will now initiate a process of winding down the business in the country.
“After…
