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INTER IKEA GROUP
IKEA plans aggressive India expansion with stronger local sourcingIKEA is set to accelerate its growth in India. The company plans to add multiple customer touchpoints annually. Focus will be on local sour...19 Aug, 2025, 07.16 PM IST- 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...01 Jun, 2025, 04.33 PM IST
- 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 ...11 Jun, 2024, 03.27 PM IST
- India ranks no. 1, 2, 3 in Ikea's priority market list for investment: Jesper Brodin, Global CEO, Ingka GroupIndia is Ikea's top investment priority market due to its economic growth and development. The company plans to tap into the growing furnit...28 Feb, 2024, 08.22 AM IST
- IKEA store owner eyes more price cuts as some input costs easeThe world's biggest furniture retailer raised prices in its fiscal year to the end of August to pass on soaring raw material costs and supp...28 Nov, 2022, 08.37 PM IST
- IKEA temporarily closes its stores in Russia, halts sourcing in Russia, Belarus"The war has both a huge human impact and is resulting in serious disruptions to supply chain and trading conditions, which is why the comp...03 Mar, 2022, 04.54 PM IST
- Amazon and others commit to using zero-carbon shipping fuels by 2040With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is und...20 Oct, 2021, 08.53 AM IST
- IKEA warns supply chain disruptions likely to last into 2022The company, which had earlier reported record annual sales as locked-down consumers spent more than ever on their homes, is also reducing ...15 Oct, 2021, 12.07 PM IST
- IKEA to help suppliers in India, 2 other markets transit to 100% renewable powerUnder this initiative, the company would invest and support nearly 1,600 direct suppliers, IKEA said in a statement.10 Jun, 2021, 08.05 PM IST
- 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 ...08 Jun, 2018, 03.31 PM IST
- Ingvar Kamprad, Ikea’s Swedish billionaire founder, dies at 91Founding Ikea in 1943, Kamprad then started marketing pens, wallets and nylon stockings in the local media, and distributed them using a mi...28 Jan, 2018, 06.16 PM IST
- Spotlight on PM Narendra Modi as Global Inc waits for his India pitchModi's business & investment pitch will be largely in bilateral meetings & dinner, while his keynote address will be mostly on creating a s...22 Jan, 2018, 11.17 AM IST
- The story of how Ikea was assembled in IndiaIkea’s first store in Hyderabad is a few months away. Land has been bought in Gurgaon, Bengaluru and Mumbai but retail stores will not come...17 Dec, 2017, 03.39 PM IST
- Indian Institute of Foreign Trade concludes summer placementsAround 80 recruiters made offers to the batch of 282 students. Companies hired students aggressively and 16 companies recruited more than f...06 Oct, 2017, 03.11 PM IST
- Government plans to liberalise FDI norms for single-brand retail to attract big bucksNow, foreign retailers may be allowed to sell different brands of same line under one company and in same store.21 Mar, 2013, 07.01 AM IST
- Finance Ministry to decide on Swedish furniture major IKEA's FDI proposal tomorrowFinance Ministry is likely to take a decision tomorrow on Swedish furniture major IKEA's Rs 10,500-crore investment plan, the largest FDI p...19 Nov, 2012, 07.24 PM IST
- India-focused PEs raise $2b till JulyWith roughly $2 billion already raised in seven months, 2007 is turning out to be an excellent year for India-focused private equity (PE) f...16 Aug, 2007, 12.55 AM IST
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