Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is consistently ranked the world's second largest appliance maker by units sold, after Whirlpool.

 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
2
Assets(RF), mln.USD
21
Capital(RF), mln.USD
19
Glob.Revenue, mln.USD
13330
Staff(RF), 2021
4269

"Electrolux Rus" LLC was sold to the general director in the Russian Federation on 09.09.2022. 07.11.2022: name changed from LLC "ELECTROLUX RUS" to LLC "E.KAMPANI". 17.06.2024: name changed from LLC "E.KAMPANI" to LLC "VARD".

The Company Statement
September 02, 2022

02.09.2022: Decided to exit Russia and divest the business to local management through a sale of its Russian subsidiary, subsidiary Electrolux Professional is selling its Russian business.

Open the Statement
Statements Archive
June 17, 2024LLC "VARD" - History of changes
February 13, 2024Restoring Confidence: Russian Brand VARD Breaks Into the Home Appliances Market
May 12, 2023Electrolux response
February 03, 2023Letter sent by B4Ukraine to the company (no response provided)
July 11, 2022Electrolux Professional divests its operations in Russia
July 11, 2022Electrolux Professional sells Russia business to local management
April 01, 2022Electrolux is concerned about the current situation in Ukraine and have paused our operations in Russia since the end of February
March 03, 2022Companies cut Russia operations and trade as sanctions tighten
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