By Natali Moss
Now Electrolux has decided to leave Russia and transfer business to the local management by selling its subsidiary in Russia," the statement reads. As it is specified, departure from the Russian market will cost 350 million Swedish crowns ($ 32. 5 million). "The decision to transfer the Russian business to the local government is intended to provide a responsible and controlled exit," the company added.
The report emphasizes that Electrolux does not have its own production in the Russian Federation, and all supply of equipment to the state will also be stopped. However, the manufacturer will continue to serve the products previously sold. Last year, sales of the company in the aggressor country amounted to 1. 6% of the sales of the group.
In addition to home appliances, the company produces professional equipment for hotels, restaurants, cafes and laundry, which is sold under the brands of Electrolux, Zanussi, AEG and McCulloch. We will remind, Zara Home stores in Moscow replaced the network of optics "Slipay Kuritsa". According to information on the official website, Slepai Kuritsa now has 15 boutiques in Moscow and 2 boutiques in Kaluga.
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