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

Exited Exit Completed

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

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

Exited Exit Completed

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(RF), mln.USD
1457
Assets(RF), mln.USD
723
Capital(RF), mln.USD
380
Glob.Revenue, mln.USD
44297
Plants
4
Shops
14
Staff(RF), 2021
15000
Taxes(RF), mln.USD
25

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 owner of IKEA has found a buyer for the remains of his assets in Russia (14 shopping centers). IKEA has renewed its trademark registration in Russia till 2033. Hilding Anders AB still has major Russian operations is a key supplier of beds for IKEA. "At that time, Hilding Anders also acquired a prestigious customer in the form of the current large network of IKEA stores. The two Swedish companies began a cooperation, which has lasted to this day." (https://www.curem.pl/en/o-curem).

The Company Statement
March 25, 2024

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 (14 shopping centers), has found a buyer. 10.2023: Partial sale - SIBFINANCE LLC becomes the new founder of the organization. The entry about the founder of INGKA HOLDING YUROP B.V. was removed from the Unified State Register of Legal Entities. 25.10.2023: Full name changed from INGKA CENTERS RUS OPERATIONS LLC to MEGA MANAGEMENT COMPANY LLC. IKEA, which announced its withdrawal from Russia after the start of the special operation, extended the registration of its trademark under one of four applications until August 2033, according to Rospatent data. 02.2024: JSC "INVEST PLUS" becomes the new founder of the organization. The Russian court seized IKEA's assets worth 12.9 billion rubles. The company wanted to completely leave Russia. 25.03.2024: The legal entity LLC "IKEA PURCHASING SERVICES RUS" (tax id 5047183743) was liquidated.

May 18, 2024The transfer of funds from Russia abroad by the IKEA structure is recognized as immoral
March 11, 2024A Russian court arrested IKEA property worth 12.9 billion rubles. The company wanted to finally leave the Russian Federation
February 07, 2024IKEA has renewed its trademark registration in Russia
February 07, 2024LLC "EXTRAVERT" - Podberezye village - LLC "EXTRAVERT" - General Director Shkoller R. A. - Taxpayer Identification Number 5310011273
February 01, 2024The Federal Tax Service filed a claim against the Russian structure of IKEA for 12.9 billion rubles
October 07, 2023Ikea exits Russia, sells shopping centre portfolio
October 04, 2023LLC Management Company "MEGA" - Khimki - MC "MEGA" LLC - General Director Trofimova S. Yu. - INN 5047175485
September 28, 2023Gazprombank buys Russia MEGA shopping centres from IKEA affiliated business
September 15, 2023The owner of IKEA is selling 14 shopping centers in Russia
September 14, 2023The owner of IKEA has found a buyer for the remains of his assets in Russia
July 31, 2023The owner of the IKEA chain has sold its headquarters in Russia
June 22, 2023Former IKEA manufacturers announced the opening of their stores in Russia
June 17, 2023Ikea is phasing out Mondelez products from the department stores
May 12, 2023Inter Ikea Group response
April 15, 2023The 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, 2023Clothes were carried out according to losses: Brands that left Russia lost a couple of billion
March 27, 2023IKEA completes sale of Russian factory to local firm
February 16, 2023Swedish gambit: three IKEA factories in Russia found a buyer
February 16, 2023Russian government approves sale of IKEA factories – deputy minister
December 28, 2022Agreement over IKEA's Russia sale could be reached in days, says Moscow
December 28, 2022The 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, 2022IKEA lets around 10,000 staff go in Russia
September 16, 2022IKEA decided to liquidate its Russian "daughter"
September 16, 2022IKEA decided to liquidate its Russian "daughter"
August 15, 2022IKEA takes the next step to scale down in Russia and Belarus
June 22, 2022IKEA stores owner Ingka hopeful of return to Russia one day
June 07, 2022IKEA exits the banking business in Russia - mass media
June 03, 2022IKEA pauses operations in Russia and Belarus
May 17, 2022Russian furniture chains eye IKEA's shuttered factories, stores
April 03, 2022IKEA stops work in Russia
March 03, 2022IKEA temporarily closes stores in Russia, flags bigger price hikes
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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