IKEA has started to wind down its retail network in Russia, prematurely terminating lease agreements

IKEA has started to wind down the retail network in Russia, prematurely terminating lease agreements

The Swedish side is ready for large fines, but has not closed all stores at once.

IKEA notifies landlords in Russian shopping centers that it intends to terminate contracts with them ahead of time. Recall that the management of the Swedish furniture concern announced that it was winding down its business in the Russian Federation.

Now, as reported by Vedomosti, the furniture chain will be closed. Messages about the termination of lease agreements were received by almost all the leaseholders for the brand.

At the same time, the contract is terminated unilaterally, the sources of the publication specify, which means that the Swedish side is ready for large fines.

IKEA was represented in ten local shopping centers only in Moscow. At the request of “Vedomosti ” one of them stated that they had indeed received a letter.

In another, the information was refuted, explaining that, most likely, the closing process will take some time, and will not be simultaneous. Or we are talking about some priorities in winding down the business, which allow us to keep some stores for now.

According to the publication, the Swedish company has 26 stores of various forms in 12 Russian settlements, work in them stopped on March 4.

IKEA did not officially confirm that retail is closing, stating that such a decision is on pause.

Recall, as Topnews wrote, the Swedish side announced its withdrawal from the Russian business segment on June 15. It was announced that production was stopped at four Russian factories and their sale.

Unrealized goods were planned to be sold to employees and customers of the company..

Источник topnews.ru

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