H&M faces criminal investigation over Russian customs duties

bigstock hm internet retailingRussian authorities have opened a criminal investigation into clothing retailer Hennes & Mauritz (H&M) for allegedly avoiding RUB3.1bn (US$41m) of customs duties.

The Federal Customs Service opened the case in December against H&M’s Russian unit for not including some of the license fees it pays to its Swedish parent in declarations when importing goods from 2016 to 2019.

For the full story, see the March 2021 edition of Textiles Eastern Europe.