The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Fashion retailer H&M will reopen most of its stores in Ukraine, beginning in November of this year, the Swedish company said in a statement on Thursday.
The retailer temporarily closed its stores in Ukraine following Russia’s invasion of the country in February of last year.
“Preparations are being made to reopen the majority of the H&M stores where possible,” the company said, adding it continues to monitor the security situation to ensure worker and customer safety.
As of November of 2021 the H&M group had eight stores in Ukraine, the company said last year.
ADVERTISEMENT
By Essi Lehto; Editor: Terje Solsvik
Learn more:
H&M Says It Will ‘Phase Out’ Sourcing From Myanmar
H&M became the latest brand to cut ties with suppliers in the country after Zara owner Inditex, Primark, Marks & Spencer and others.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.