Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

The Hoff furniture chain is ready to consider the possibility of buying and leasing production and retail space from IKEA, which is reducing its presence in Russia, Hoff CEO Maxim Grishakov said.

By Editorial

15.06.2022

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SANCTIONS CONTEXT

The Russian Export Center ready to test transactions in cryptocurrency

Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

IKEA to sell all four of its factories in Russia

Requirement to sell exports’ earnings in foreign exchange cancelled as confirmed by the government

Key rate cut back to the pre-sanction level

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Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

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