IKEA International Group declared full withdrawal from Russian Federation

The Swedish IKEA International Group declared sale four plants and dismissal employees in Russian Federation the Swedish IKEA International Group — one of the largest sellers and producers furniture and goods for the house — declared full withdrawal from Russian Federation. Company decided to sell four Russian plants and to reduce business scales in the country. "For the last some months the situation with business processes and chains of deliveries worldwide strongly worsened. So we do not see opportunity to resume sales in the near future. As a result, group of companies Inter of IKEA International Group and Ingka Holding B. V made the decision to reduce business scale in...