Ikea: uphill struggle

Tough, but fair. IKEA has sacked two top executives in Russia for authorising bribery. The Swedish furniture giant may lose out by maintaining a global ethical standard, but ultimately Russia loses more from its culture of corruption. With some $4 billion invested in Russia, IKEA is one of the country’s largest foreign investors, so potential investors watch its experiences closely. Those experiences have been mixed. On the positive side, business has thrived at a growing network of big shoppin...