Ikea said this week that it would close all 17 of its stores in Russia because of the conflict. Russian shoppers rushed to the stores to stock up on products. Ikea is among a number of major US and ...

A view shows a forest owned by Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, in Latvia (This Jan. 26 story has been updated to correct the name of the subsidiary to ...

IKEA's owner, the Swedish company Ingka Group, has sold its last asset in Russia – a warehouse in the town of Yesipovo not far from Moscow, in Vladimir Oblast. Source: The Moscow Times, citing RBC ...

Home retail giant IKEA announced Wednesday it will significantly scale back its operations in Russia, closing four factories and shedding some of its Russian workforce, becoming the latest ...

Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia, moving forward with their exit from the country after it sent troops ...

In today’s Bulldog wrapup of tech and biotech news: Cisco warns about a vulnerability in its Internet phones; Google’s Eric Schmidt backs Glass; researchers to seek gluten-free wheat; Square’s “Cash” ...

STOCKHOLMSTOCKHOLM — Ikea said Wednesday that it is seeking new owners for its four factories in Russia and to liquidate its product inventory there because of the war in Ukraine. The world’s biggest ...

Swedish furniture giant Ikea is folding up its Russian presence, planning to lay off staff, shut offices and sell factories. This adds the world's largest furniture brand to the list of Western ...