Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

IKEA is a multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other goods and home services.

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue, mln.USD
3854
Plants
4
Shops
12
Staff
15000
Capital, mln.USD
946
Glob.Revenue, mln.USD
44297
Assets, mln.USD
1054

The production group is represented in Russia by four furniture factories: in the city of Esipovo (Moscow region), Tikhvin (Leningrad region) and the city of Veliky Novgorod and the town. Krasnaya Polyana (Kirov region).

The Company Statement
June 15, 2022

Fold up Russian presence. IKEA stores owner Ingka Group said in response to speculation that it might resume sales in Russia that it was open to returning one day but the conditions were not in place right now. IKEA reopens for online fire sale in Russia before market exit. It is noted that the application for the liquidation of "Ikea House" LLC was submitted on August 15, the relevant documents will be ready on the 23rd.

June 07, 2022IKEA exits the banking business in Russia - mass media
August 16, 2022IKEA decided to liquidate its Russian "daughter"
August 16, 2022IKEA decided to liquidate its Russian "daughter"
May 17, 2022Russian furniture chains eye IKEA's shuttered factories, stores
June 22, 2022IKEA stores owner Ingka hopeful of return to Russia one day
February 03, 2022IKEA stops work in Russia
March 03, 2022IKEA temporarily closes stores in Russia, flags bigger price hikes
July 10, 2022IKEA will continue to pay salaries to 15,000 workers in the Russian Federation until August
March 03, 2022IKEA pauses operations in Russia and Belarus
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