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INGKA HOLDINGS
Ikea India aims for operational profitability in couple of years, says CEO Susanne PulvererIkea India expects to achieve operational profitability within a couple of years. The company focuses on stabilisation, affordability, and ...- IKEA FY24 loss widens to Rs 1,299 crore, revenue up 4.5% to Rs 1,809.8 croreIkea India reported a loss of Rs 1,299.4 crore for FY24, compared to Rs 1,133 crore the previous year. Revenue from operations increased to...
- IKEA did what others only talk of doing & it was a gamechanger for India staffIKEA faced high employee turnover globally. In India, to retain staff, IKEA introduced subsidized daycare, 26 weeks of parental leave, and ...
- 'Challenging' year for Ikea, 10,000 layoffs in RussiaThe company, which halted retail operations in Russia in March after Moscow's invasion of Ukraine, has already "had to say goodbye" to arou...
- Ikea India raises Rs 600 croreIngka Centres, part of the Ingka Group had recently said that it will invest close to Rs 7500 crore in developing two shopping destinations...
- IKEA India FY20 results: Net loss widens to Rs 720 cr; sales up 64.7% at Rs 566 crThe company had registered a loss of Rs 685.4 crore in the financial year ended March 2019, according to Registrar of Companies filing shar...
- Ikea furnishes strong results despite pandemicIngka, which includes shops that account for 90 percent of sales by the Swedish flat-pack furniture giant, suffered only a 5.0 percent drop...
- Livspace raises $90 million led by Kharis Capital and Venturi PartnersExisting investors Ingka Investments, TPG Growth, Goldman Sachs, UC-RNT and Bessemer Ventures also participated in the round.
- IKEA Group plans to cut 7,500 administrative jobsAt the same time, the group, which owns 367 IKEA stores, estimates it will create 11,500 new jobs in the period as it expands with new stor...
- CCEA paves way for IKEA's Rs 10,500-crore investment plan in IndiaThe government has cleared IKEA's Rs 10,500-crore investment proposal, the biggest investment in single-brand retail since the policy was l...
- No proposal on FDI in multi-brand retail received so farGovernment on Tuesday said it has not received any proposal related to foreign direct investment in multi-brand retail so far.
- FIPB recommends IKEA investment for cabinet approvalThe Foreign Investment Promotion Board (FIPB), a unit of the finance ministry, recommended a planned $1.94 billion investment by Swedish re...
- FIPB to review IKEA's big-ticket investment proposal to open cafeterias next weekFinance Ministry will review next week IKEA's investment proposal to open cafeterias at proposed retail outlets of the Swedish furniture ma...
- FDI in retail: Anand Sharma hopeful of FIPB nod for IKEA's proposalFIPB has already approved Rs 4,200 crore out of a total of Rs 10,500 crore investment proposal by IKEA to open single- brand retail stores ...
- FDI worth Rs 1,287 cr cleared; IKEA's case not taken upThe proposal of Ingka Holding Overseas BV, IKEA's parent company, was withdrawn from the agenda of the board's meeting, the Finance Ministr...
- Finance Ministry to review IKEA's FDI proposal on MondayThe proposal will come up before FIPB on Dec 31. The Finance Ministry will "review the request of DIPP" to allow IKEA to come up in India w...
- Govt approves 12 FDI proposals worth over Rs 802 crRatnakar Bank's proposal to increase foreign equity in the bank from 43% to 55% has been approved. The move is likely to bring in Rs 300 cr...
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