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GLOBAL FURNITURE GIANT
Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.- Zetwerk's pre-IPO move; War hits your deliveriesHappy Monday! Zetwerk is in talks to raise pre-IPO funding. This and more in today's ETtech Morning Dispatch.
- What India and China can learn from each other in furniture industryChina's market valued at $540.4 billion in 2023, projected to reach $623.8 billion by 2028, contrasts India's rapid ascent from Rs 90,000 c...
- IKEA rents 100,000 sq ft in Bengaluru to set up first store in cityThe store coming up in VR Mall in Whitefield is expected to be operational next year. The deal has a lock-in period of 15-20 years.
- Ikea ready to invest more than Rs 10,500 crore in IndiaOn the eve of opening its second brick-and-mortar store in the country in Navi Mumbai, Peter Betzel, CEO at Ikea India, said, India is set ...
- Swedish furniture giant IKEA Retail sets up global operations centre in IndiaThe move will help to streamline, simplify, and standardise ways of working and operations, while diversifying the overall digital footprin...
- Ikea to reopen Hyderabad store from June 8In a statement, the Swedish firm said it now offers all possible options for the customers to shop – retail store, Click & Collect service ...
- Ikea not to hike prices of low-end furniture productsPatrik said Ikea is a global company and it would appreciate global trade, but would not be happy with trade barriers such as customs tarif...
- IKEA upbeat on Ecomm, may begin with MumbaiIKEA plans to offer online sales in cities where it can support them with fulfilment, delivery and assembling services.
- IKEA opens first 'Hej HOME' in India at Hyderabad, to offer over 7,000 productsThe next store will come up in Mumbai in 2019 which will be bigger than the Hyderabad store with five lakh square feet.
- Pepperfry and Urban Ladder's 'offline' idea to ward off global brandsIndia’s largest furniture retailers (both bristle at the etailer tag) are making this strategic shift at a time when the industry itself is...
- Future group joins hands with UK's Laura Ashley for selling its merchandise in IndiaAbout a year ago, Future Group acquired FabFurnish and said it will spin it off with furniture retail format Hometown.
- Ikea plots west India foray, buys Mumbai land for Rs 214 croreThe transaction, subject to regulatory approvals, fuels the world's largest furniture maker's growth plans in Asia's third largest economy.
- Furlenco elevates VP of products and technology Ashwin Venkatraman to COOVenkatraman, who has been with Furlenco for a year, has previously worked with global technology giants Infosys, Google and InMobi.
- Quess Corp wins IKEA suit for using IKYA brandQuess Corp has won a legal suit against home furnishing giant IKEA systems for using brand name IKYA human capital solutions.
- Swedish furniture maker Ikea to build suppliers park in TelanganaThe Swedish giant, that sourced $450 million(Rs 2,700 crore) worth of goods from India last year, is looking at building one of India's lar...
- IKEA looks to scale up furniture sourcing from IndiaIKEA has been sourcing many products, including textiles, carpets, metals, plastic, lighting and decorative items for last 26 years.
- Why you should look forward to IKEA's entry into IndiaThe entry of the 24.7-billion euro Swedish giant will bring in many other positive direct and indirect benefits for India.
- IKEA scraps $1-bn investment planSwedish furniture giant IKEA has called off its plans to set up shop in India, after talks with the government to further open up foreign d...
- Style Spa looks for investor to fund capex plansStyle Spa Furniture, the furniture company which is a part of the Rs 100 crore Zuari-Chambal group, a KK Birla group-promoted company, is l...
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