H&M Group and Belarus

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In the financial report of companies for 2022 it is noted that by November 30 in Russian Federation 172 shops, three more - to Belarus were closed. In addition a factor, pressure upon business companies rendered world economic recession, interruptions in chains of deliveries, expenses on restructuring, increase in cost of the electric power and strong dollar. The total negative effect from all factors made 5 billion kroner (490 million dollars). Russians miss H&M Group, to Zara and favourite sports brands Following the results of 2022 fiscal years the revenue of the retailer increased by 12% – to 223,6 billion kroner (about 22 billion dollars), growth in...
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