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

IKEA
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 WithdrawalGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
44297
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). Agreement over IKEA's Russia sale could be reached soon. The first Swed House store selling IKEA products has opened in Russia. Swed House textiles are made in the CIS countries, where they have been producing goods for the Swedish brand for many years.
The Company Statement
July 27, 2023
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. IKEA has now let go around 10,000 employees in Russia as it makes its exit from the country. Swedish furniture giant IKEA said it had sold its factory in the Russian city of Novgorod to local firm Invest Plus, more than a year after pausing its activities in Russia over the conflict in Ukraine. IKEA is phasing out Mondelez products from the department stores. The owner of the IKEA chain has sold its headquarter but is still running malls in Russia.
September 15, 2023 | The owner of IKEA is selling 14 shopping centers in Russia |
July 31, 2023 | The owner of the IKEA chain has sold its headquarters in Russia |
July 27, 2023 | Ikea left Russia — but yet another copycat has popped up in its place. The real store says it could take action. |
June 22, 2023 | Former IKEA manufacturers announced the opening of their stores in Russia |
June 17, 2023 | Ikea is phasing out Mondelez products from the department stores |
May 12, 2023 | Inter Ikea Group response |
April 15, 2023 | The first Swed House store selling IKEA products has opened in Russia. Swed House textiles are made in the CIS countries, where they have been producing goods for the Swedish brand for many years. |
April 06, 2023 | Clothes were carried out according to losses: Brands that left Russia lost a couple of billion |
March 27, 2023 | IKEA completes sale of Russian factory to local firm |
February 16, 2023 | Swedish gambit: three IKEA factories in Russia found a buyer |
December 28, 2022 | Agreement over IKEA's Russia sale could be reached in days, says Moscow |
December 28, 2022 | The Ministry of Industry and Trade announced IKEA's plans to reach an agreement with business buyers in the Russian Federation by the end of the year |
October 13, 2022 | IKEA lets around 10,000 staff go in Russia |
September 16, 2022 | IKEA decided to liquidate its Russian "daughter" |
September 16, 2022 | IKEA decided to liquidate its Russian "daughter" |
August 15, 2022 | IKEA takes the next step to scale down in Russia and Belarus |
June 22, 2022 | IKEA stores owner Ingka hopeful of return to Russia one day |
June 07, 2022 | IKEA exits the banking business in Russia - mass media |
June 03, 2022 | IKEA pauses operations in Russia and Belarus |
May 17, 2022 | Russian furniture chains eye IKEA's shuttered factories, stores |
April 03, 2022 | IKEA stops work in Russia |
March 03, 2022 | IKEA temporarily closes stores in Russia, flags bigger price hikes |
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