A retailer founded by a Danish billionaire has scrapped plans to open hundreds of stores in Russia due to the economic uncertainty caused by Western sanctions.
Jysk, which sells bedding and other home wares, is a household name in Denmark with annual sales of around 19 billion Danish crowns ($3.4 billion). It also has 150 stores in Poland and 23 in Ukraine.
Rotterdam, 14/08/2014-INC News
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