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 ...

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 ...

IKEA opened its Russian store for a final time, allowing people to shop in an online-only fire sale. The Swedish furniture store is exiting the Russian market, but is open to returning one day. After ...

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 ...

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 ...

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” ...

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 ...

STOCKHOLM, March 3 (Reuters) - IKEA, the world's biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave of Western firms ...