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IKEA NORTH INDIA
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 India sales grows 6% YoY to Rs 1,860 crore, eyes profitability in 2 yearsIkea India reported 6% YoY sales growth to Rs 1,860.8 crore in FY25 and 12% EBITDA growth, targeting profitability within two years amid ex...
- India one of biggest growth markets: IkeaIkea has identified India as a key growth market, achieving over 45 billion euros in revenue in FY24 despite global market challenges. As p...
- Ikea India aims to increase local sourcingIkea’s India unit plans to source 50% of its goods locally and open small-format stores in the National Capital Region ahead of its large c...
- IKEA gears up for Delhi-NCR launch with strengthened supply chains, better demand forecastingWith an eye on its launch in the Delhi NCR market early next year, the Swedish furniture retailer is looking to corner a bigger chunk of In...
- Ikea looks at next round of investment in India after fulfilling Rs 10,500-cr promiseIKEA is planning the next round of investment in India to expand its presence, increase sourcing, and further build its volume. The company...
- Lowe's to open second capability centre in BengaluruThe 14,000 square-feet facility on Lavelle Road in Bengaluru will support the its growing workforce and continued hybrid workforce strategy...
- KKR & Co is set to make Livspace a unicornThe KKR & Co. investment, the second by the private equity group in India’s technology space after Lenskart, will peg Livspace’s valuation ...
- 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 ...
- BCM Group forays into the Bengaluru market with commercial projectsBCM also has a tie up with the Reliance Group and is developing the first Kokilaben Ambani hospital outside of Mumbai.
- IKEA has an easy plan that can stop stubble burning, reduce pollution in DelhiIKEA said its long-term goal is to contribute to villages reaching zero rice-straw burning.
- Changing consumer preference and cost pressures bringing rivals closer in FMCG & automobile sectorsWhy are rivals in the marketplace wishing each other well or collaborating on key manufacturing processes? Because these brands have unders...
- How India’s middle class is drawing big MNC consumer companiesDomestic consumption will treble to $4 trillion by 2025 as rising affluence levels change consumer behavior.
- Ikea to double India sourcing by 2020MD Jesper Brodin told ETat the co’s headquarters that Ikea is a production-based retailer, implying its commitment to local sourcing – a pr...
- Centre assures fund to set up textile park in Arunachal PradeshGangwar said the ministry would release the second installment under North Eastern Textile Promotion Schemes shortly after completing the f...
- IKEA to consider production unit in India"It is important for us to set up our production (unit) in India," IKEA Group President and CEO Peter Agnefjäll said.
- Ikea to make India global sourcing hub for bamboo productsFurniture made from bamboo, one of the fastest-growing plants, accounts for about 1% of Ikea's global sales of EUR 30 billion (about Rs 2,2...
- Cheer for cos like Apple, Rolex as government eases local procurement guidelines for single-brand retailIn a major leg-up for global brands such as Apple and Rolex, India has relaxed a mandatory local procurement condition for high-tech compan...
- Hope Ikea won't face red tape in India: Annie Loof, Swedish Minister for Enterprise and Regional AffairsSweden is excited about furniture major Ikea's proposed India foray, but hopes it won't run into bureaucratic delays and taxation barriers.
- Several Congress ministers eyeing finance ministry job?With Pranab Mukherjee out of the finance ministry, several Congress ministers have become very vocal on economic issues.
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