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June 16, 2022

IKEA plans to sell its four plants in Russia

IKEA plans to sell its four plants in Russia
The Swedish retailer IKEA plans to sell its plants in Russia.    The group said its retail business would remain stopped, the workforce will be reduced, and it will seek new owners for its four factories in Russia.    It said imports and exports of products to and from Russia and Belarus will also remain stopped, and that the purchase and logistics offices in Moscow and Minsk will close permanently.    "This process is currently underway and all actions and decisions taken will be guided by the IKEA values and to ...

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