Hennes & Mauritz swings to loss as higher costs, loss of Russian business weighs

STOCKHOLM–Sweden’s Hennes & Mauritz AB on Friday swung to a net loss in its fiscal fourth-quarter as earnings were weighed by higher costs and the loss of its profitable Russia business. The fashion retailer posted a net loss of 864 million Swedish kronor ($84.1 million) for the quarter ended Nov.…#stockholm #hennesmauritzab #russian #helenahelmersson
Source: Reuters: Health - Category: Consumer Health News Source Type: news