Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Ikea swindled out of 1.5 billion in Russia

Share this article

10:30 CEST+02:00
Ikea has been swindled out of 1.5 billion kronor ($189 million) in Russia, company founder Ingvar Kamprad revealed on Sommar, a show on Sveriges Radio P1.

“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.

Get notified about breaking news on The Local

Share this article

Advertisement
Advertisement
Advertisement
3,458 Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement