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 WithdrawalGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100The 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.
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.