IKEA liquidates branches in Russia: Who will be the new owners?

by time news

A few days after the properties were put up for sale, Russian furniture chain Tvoi Dom and another brand at Chef Hoff are considering buying IKEA’s Russian properties after the announcement. The company that will close the deal with the furniture giant will have IKEA’s inventory of stores, production centers and 17 stores, a move that will probably be a significant loss to the giant chain, similar to the sale of McDonalds two weeks ago by its new Russian owners.

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