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H&M Embroiled in Russian Probe Over $42M in Customs Duties

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Hennes & Mauritz has another legal headache on its hands. The Russian division of the fast-fashion chain allegedly failed to report some license fees it pays to its Swedish parent over a three-year period between 1996 to 1999. The fees should have been listed in declarations when the goods were imported. Not doing so enabled…

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