H&M will remain in Russia until it sells off most of its stock

“We plan that the stores will be open until most of the stock is sold out,” the press service told RIA Novosti.

The company noted the gradual process of closing stores.

In addition, the press service promised to “complete work processes in a responsible manner” when parting with colleagues.

On July 18, it became known that the H&M retail chain decided to cease operations in Russia.

It is noted that the stores will be open for sales.

After that, Kommersant reported that the H&M chain is trying to find a new owner for assets in Russia.