Ikea says it will scale down its business in Russia

Ikea says it will scale down its business in Russia

By

Reuters

Swedish furniture company Ikea


Archivo

“In view of this, we do not see any possibility to resume sales in the foreseeable future,” the company said.

In March, Ikea temporarily closed stores and paused sourcing in Russia, but had continued paying employees.

Ikea said it would start looking for new owners of four of its factories.

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