HomeEconomyIKEA removed its "son"...

IKEA removed its “son” from Russia

The Swedish company has four factories in Russia, 14 stores in Mega shopping centers, as well as several IKEA City stores and design studios.

Swedish retailer IKEA has decided to liquidate its subsidiary, which operates network stores in Russia. Forbes Russia reported this with reference to data from the SPARK system on Tuesday, August 16.

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It is indicated that the application for the liquidation of Ikea Dom LLC was submitted on August 15, and the relevant documents will be ready next week – August 23.

Creditors’ claims may be filed within two months from the date of publication of the liquidation notice.

The liquidation application was submitted by Ingka Holding Europe, a holding structure of IKEA.

IKEA has 14 stores in Russia in Mega shopping centers, as well as several IKEA City stores and design studios.

The retailer also has four factories: in the Moscow region (Esipovo), Leningrad and Kirov regions (in Tikhvin and Krasnaya Polyana, respectively) and in Veliky Novgorod. The income of Ikea Dom LLC in 2021 reached 157.3 billion rubles, which is 27.8% more than a year earlier (123.1 billion rubles).

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.

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Source: korrespondent

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