The Swedish company Electrolux sold the Russian business to local management
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The Swedish manufacturer of electrical equipment Electrolux sold its business in Russia to the top management of the Russian division. Leaving the Russian market will cost the company 35 million Swedish kronor ($3.3 million).
“As previously reported, Electrolux suspended its activities in Russia when hostilities began in Ukraine. Now Electrolux has decided to leave Russia and hand over the business to local management by selling its subsidiary in Russia. message companies. “Electrolux has no production in Russia and will not supply equipment to the company being sold,” the company said.
In 2021, Electrolux sales in Russia accounted for 1.6% of the group’s sales. In addition to household appliances, the company produces professional equipment for hotels, restaurants, cafes and laundries. It is sold under the brands Electrolux, Zanussi, AEG and McCulloch. Electrolux Professional, which produces equipment for professional consumers, announced about leaving Russia in July.
More details – in the material “Electrolux says goodbye to the Russian market”.
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