IKEA is also temporarily closing its stores in Russia

“This war has a huge human impact and at the same time causes a significant disruption of the supply chain and business conditions. Therefore, it was decided to temporarily suspend IKEA’s activities in Russia, “said Inter IKEA, which owns the IKEA brand, and Ingka Group, which owns most of IKEA’s stores, in a joint statement.

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Last financial year, Russia was IKEA’s tenth largest market. The brand’s retail sales in Russia reached 1.6 billion euros (CZK 41 billion), accounting for four percent of its total retail sales, Reuters reported.

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The disruption of sales in Russia was also announced by some major American companies, including the technology company Apple, the car manufacturer Ford and the motorcycle manufacturer Harley-Davidson.

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