IKEA to Scale Down Operations in Russia, Sell Factories – RBC

INSUBCONTINENT EXCLUSIVE:
Swedish furniture retailer IKEA will scale down its business operations in Russia and sell all four country-based factories, the RBC
opportunity to restart sales in the near future
the summer but will allow all staff to retain insurance benefits until the end of the year, according to information obtained by Ostorozhno
Novosti Telegram news channel
its Russian warehouses.