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IKEA GROUP
Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...- IKEA sets up India development centre in push beyond sourcingIKEA has launched a new product development center in India. This positions India as a key hub for designing home furnishings for both loca...
- Samhi Hotels signs agreement with Ingka Centres for 162-room upscale hotel in NoidaIn an exciting development for Noida, SAMHI Hotels will be leasing a chic 162-room hotel as part of Ingka Centres' innovative project. This...
- IKEA to amplify sourcing from India for global operations, to increase local sourcing to 50%IKEA is focusing on India. The Swedish retailer plans to increase sourcing from India for its global operations. It also aims to raise loca...
- Order from IKEA Group helps Acrysil’s stock scale new highThe share price of Acrysil gained 33% in the past five trading sessions.
- IKEA inks pact with Rustomjee Group to offer furnished homesIKEA India will provide ready-to-assemble furniture for around 1,200 apartments in Rustomjee’s project Global City Virar near Mumbai.
- IKEA inks pact with Rustomjee Group to offer furnished homesIKEA Group is the first major single brand retailer to get FDI approval and plans to open several stores and multiple touch points across t...
- IKEA to use only renewable and recycled materials by 2030Currently, 60 percent of the IKEA range is based on renewable materials, while nearly 10 percent contain recycled materials, an Inter IKEA ...
- Ikea to employ 15,000 co-workers in India by 2025IKEA Group also announced an increase of Rs 1.50 lakh in pension fundings for its Indian co-workers as part of TACK programme, the furnitur...
- Ikea Group buys land to set up shop in BengaluruThe Ikea store in Bengaluru is planned to be around 4.5 lakh square feet and is expected to have more than 5 million visitors per year.
- IKEA group appoints Jesper Brodin new CEOBrodin will take over the helm of a furniture and retail empire with 348 stores, 45 shopping centers and 140,000 employees in 28 countries.
- Ikea gives 108 million euro in pension fund to its co-workers globallyEvery full-time Ikea Group co-worker in India who has worked for Ikea for five years or more, receives the same amount regardless of their ...
- IKEA India staff to get Rs 1.12 lakh as pension pay-outEmployees of Swedish home furnishings major IKEA in India will get a lumpsum amount of Rs 1.12 lakh as part of its global retirement fund.
- IKEA hails Government's nod; to offer affordable goods, up sourcingThe government today formally allowed IKEA to invest Rs 10,500 crore for setting up single-brand retail stores to sell mostly home furnishi...
- IKEA insists on approval for its entire range of products"IKEA has again sent its application for review, seeking permission to let it open cafeteria at least," an official source has recently sai...
- Ikea explores giving India touch to different products and designs"We need to have different product function and quality in India that we don't have globally," Juvencio Maeztu, country manager of IKEA sai...
- FDI in retail: IKEA says will comply with rules; will maintain 2 separate comapnies for sourcing & retailingAccording to government regulations for companies that sell goods under a single brand, the 30% local sourcing must be undertaken by the sa...
- FDI in retail: IKEA files final application for opening stores in IndiaSwedish furniture and home furnishing chain IKEA today said it has filed the final document this week seeking permission to open its store ...
- India store opening subject to full government approval: IKEAIKEA will open stores in India only after the government approves its application in entirety, although sourcing norms for FDI in single-br...
- Ikea asks government for relaxation of sourcing normsIt has also proposed that the calculation of the 30 per cent norm be done for cumulative periods of 10 years of operations starting with th...
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