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Zara plans to resume trading activities in Russia

A representative of Zara CIS said in the arbitration court that actions are being taken to continue operations in Russia, including changing the corporate...

IKEA launched the liquidation process for its legal entity in Russia

The IKEA Dom LLC company, which manages the IKEA stores in Russia, has launched the process of liquidating a legal entity. The founder of...

H&M put up for sale their business in Russia

Swedish retail chain H&M has put its business in Russia up for sale. Potential buyers are offered lease rights to approximately 170 stores and...

IKEA to sell all four of its factories in Russia

The company has already begun searching for new owners for enterprises in the Leningrad, Kirov and Novgorod regions. The IKEA press service also reports...

IKEA in Russia resumes operation of customer support center, return and exchange department, while stores remain closed

As from June 1, IKEA in Russia opens the office for exchange and return of previously purchased goods. The customer support center also starts...

Foreign companies that have suspended their operation in Russia cannot count on state support measures

According to Viktor Evtukhov, Deputy Minister of Industry and Trade of Russia, such companies like H&M, Inditex and others, which do not fully operate...

Siemens to phase out activities in Russia over the next weeks

The management of Siemens in Russia will work out a detailed plan for the phased curtailment of activities, a special working group will be...

Hilding Anders to continue investing in their Russian subsidiary company Askona

Against the backdrop of the exit from the market of a number of foreign companies in the field of home goods, Askona together with...

MAX Group to acquire OBI hypermarkets in Russia

The Federal Antimonopoly Service announced that the group of investment and construction companies MAX plans to acquire the OBI chain of stores in Russia....

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