Ikea swindled out of 1.5 billion in Russia
TT/The Local · 20 Jun 2009, 10:30
Published: 20 Jun 2009 10:30 GMT+02:00
“We were completely fooled when it came to electricity and gas deliveries. Something that is going to cost us more than 1.5 billion kronor. I know that this will become a legal matter,” he said, according to Sveriges Radios Ekoredaktion.
Ikea currently has eleven stores in Russia.
Kamprad also revealed that during a recent board meeting he had put forth the idea of establishing an Ikea location in Iran, but this was set aside due to opposition by other board members.