Download on the Appstore
Brief.
Curated.
Every day.
Download on the Appstore Get it on Google play

Download RBTH Daily app for free to be up to date with what’s new in Russia. Get a fresh and brief digest every day.

Follow the link to learn more
Russia Beyond The Headlines

Toshiba pulls out of Russian consumer market

December 15, 2015 Alexander Korablinov, RBTH, RBTH
The company will continue its b2b operations.
Toshiba
A worker installs a flat screen LCD TV set of Toshiba Source: AP

Facing tough competition and a falling ruble, Japanese electronics giant Toshiba has withdrawn from the Russian consumer market, Kommersant reported on Dec. 14.

“We have fully quit the Russian consumer market,” Hiroaki Tezuka, head of Toshiba’s Russian operations told the paper.

Toshiba is shutting down its division that sells televisions and kitchen appliances, but will continue to operate its b2b unit, according to the report.

Subscribe to RBTH's Asia-related content

* indicates required

 

Multimedia

Yakutian winter

Winter is the best time in a land with no other season

Your opinion

News

Photo of the day
Participants in the Sukhoi Superjet 100 View More  

Business Calendar

Read more 

Culture calendar

Read more 
+
Like us on Facebook