Baker McKenzie advises IKEA on launching an offline business in Ukraine

Kyiv, Ukraine, 1 February 2021 — Baker McKenzie's Kyiv office has advised IKEA, a Swedish multinational conglomerate that designs and sells furniture, kitchen appliances and home accessories, on the launch of its first offline store in Ukraine.

The Baker McKenzie team has been supporting IKEA ever since the very inception of the Blockbuster Mall project in May 2019. Our lawyers conducted a legal due diligence, drafted and negotiated lease documentation tailored for the client's retail business and new "city store" concept, and assisted with various legal issues arising on the road to the store's opening.

Baker McKenzie's project team was led by Partner Lina Nemchenko with key input from Associate Elmaz Abkhairova.

Commenting on the project, Lina Nemchenko noted the following:

We're honored to provide IKEA with legal support in relation to setting up its operations in Ukraine, a milestone and long-awaited event on the retail market. I truly hope that IKEA's expansion of its business to Ukraine will be treated as a good sign and an example to follow by other international market players.

About Baker McKenzie

Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instil confidence in our clients. 
(https://www.bakermckenzie.com/)

About IKEA 

IKEA offers well-designed, functional and affordable, high-quality home furnishing, produced with care for people and the environment. There are several companies with different owners, operating under the IKEA trademark, all sharing the same vision: to create a better everyday life for the many people. The IKEA business was founded in Sweden in 1943. (www.ikea.com/)

 

 

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