Izvestia reported massive lawsuits against H&M due to rent debts worth 1 billion rubles
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The Swedish retailer H&M failed to pay the owners of shopping centers (TCs) about 1 billion rubles, despite the profit received from the sale before the stores closed. The owners of the shopping center are massively suing the company. The newspaper reported “News”.
According to the newspaper, citing data from Spark-Interfax, the owners of the shopping center filed 15 lawsuits against H&M due to non-payment of rent. They arrested 215 million rubles. on the retailer’s account. According to a member of the RSTC Presidium, Dmitry Moskalenko, the total amount of rent debts amounted to 1 billion rubles.
According to Izvestia experts, H&M paid the rent to some shopping center owners. According to them, during the final sale, the retailer’s turnover increased by three to four times, the company used these funds to pay severance pay to store employees.
H&M announced plans to leave the Russian market after the start of Russia’s military operation in Ukraine. December 6 company informed on the closure of all stores in Russia. Before that, they had a sale of the rest of the goods.
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