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IKEA EXPANSION IN ASIA
Ikea eyes India as key sourcing hub amid global trade shiftsGlobal trade tensions have accelerated companies' efforts to diversify supply chains, and India is becoming central to Ikea’s sourcing stra...- IKEA plans to expand next-day deliveries to more Asian marketsIKEA is expanding its next-day ecommerce delivery service to more Asian markets, building on the success of its pilot program in India. The...
- War, weather put ocean shippers on notice for rough seas in 2024"This is seemingly the new normal - these waves of chaos that seem to rise and fall. Before you get back to some level of normalcy another ...
- Homedecor startup Livspace revenue rises 85% in FY23, Ebitda loss narrowsThe company said it has cut down its Ebitda (earnings before interest, tax, depreciation and amortisation) loss in India to half. The Singa...
- From iPhone 3G to first retail store: Apple's 15-year journey in IndiaIn August 2008, iPhone 3G made its debut in India minus the mass hysteria and winding queues that had marked its launch in the US, Europe a...
- Livspace earmarks $100 million for strategic acquisitionsThe company is fuelling a significant part of this corpus through its recent $180 million fundraise led by private equity major KKR, announ...
- Ikea rushes to make up lost time on India expansion after delaysThe company opened its second India store on the outskirts of Mumbai in December and another in the southern city of Bengaluru is now on co...
- Dubai’s Danube Home planning to enter IndiaDanube may open first outlet in Hyderabad in October this year.
- Ikea says it believes more strongly in India post-Covid"Post-Covid, we believe even stronger in India and will unleash our investment and believe it will be in the top five markets in the next t...
- IKEA to raise Rs 5,000 crore in India via debentures, issue Rs 550 crore as first trancheIn a registrar of companies filing, the local unit of Swedish retailer said it will issue debentures to IKEA Asia Treasury Centre Limited f...
- IKEA's strategic partner Ingka Group invests in LivspaceThe investment is expected to be between $10-15 million, sources said, while Livspace declined to confirm the number.
- Danube Home makes India foray from Hyderabad, to invest Rs 1,400 cr over 10 yearsThe group with $1.3 billion revenue last year has interests in property development, building materials and home furnishings.
- Private equity investment in India retail assets up 15% in 2017 at $800 million: ReportDuring the between July and Dec 2017, demand for retail space remained strong, as international brands such as Tom Tailor, Miniso, Simon Ca...
- IKEA to open first India store at Hyderabad in 2017IKEA will open its first store in India at Hyderabad in the second half of 2017 even as it scouts for more sites in Delhi-NCR, Mumbai and B...
- Swarovski gets FIPB's nod to flaunt its own stores in IndiaThe company’s store expansion plans will depend on quality upcoming malls and real estate, which is a scarce commodity in India.
- Denmark's Tiger grows by mirroring Ikea's affordable kitschTiger entered New York in May, and the discount homeware chain is focusing expansion on North America and Asia-Pacific after adding 124 sto...
- Thai furniture retailer Index Living Mall eyes India's high-margin furniture segmentIndex Living Mall, is on an international expansion. It has recently tied up with Aeon Malaysia and set up a franchised store in Russia.
- 'Make More in India': Why IKEA is beefing up its manufacturing ahead of its store launchIndia is currently among the top 10 sourcing countries for IKEA. The plan is to double sourcing from India to €630 million by 2020.
- Italian luxury furniture giant Chateau d’ Ax follows Ikea to HyderabadThe India expansion plan includes opening at least 40 stores, both owned and franchise, over the next five years involving an investment of...
- IKEA stores in India closer to reality, Walmart still a far cryAfter a series of presentations, the govt approved IKEA's Rs 10,500 cr proposal in May paving way for it to set up home furnishing stores.
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