The company has withdrawn all production in the Russian Federation and is looking for buyers for its trading floors.
The Swedish company IKEA has sold its last production site in Russia – a furniture factory in the Novgorod region. On Friday, March 24, Kommesant reported.
The buyer is the co-owner of St. Petersburg company Slotex Vadim Osipov.
It was learned that two other businesses went to a timber company from Komi Luzales. According to the publication, the total value of all transactions may be about 15 billion rubles – a quarter less than the amount requested by the seller. Large companies from other industries are also interested in the factories, but some of them did not buy the businesses due to IKEA’s refusal to transfer the rights to the furniture made in the Russian Federation.
It is also reported that IKEA in Russia still has a network of Mega shopping centers with a total area of 2.34 million square meters. m. But selling a lot of all things against the backdrop of a crisis in the retail real estate market can be problematic.
In June, it became known that IKEA was selling four factories in Russia and cutting staff. The company said it “does not see an opportunity to resume sales in the foreseeable future.” The import and export of IKEA goods to Russia and Belarus is not planned to be restored. IKEA is also liquidating its “daughter” in Russia.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.