IKEA to adopt omni-channel approach for expansion in India
NEW DELHI: The COVID-19 pandemic has slowed down Swedish furniture retailer IKEA’s expansion plans in India but the company is adjusting to the new reality while continuing to bet on the country as one of its “very important markets”, according to company’s India CEO Peter Betzel. With the changing consumer behaviour due to the health […]
IKEA’s strategic partner Ingka Group invests in Livspace
NEW DELHI: Home design and renovation platform Livspace said IKEA’s strategic partner Ingka Group has invested an undisclosed sum in the India-based company. “Ingka Investments, the investment arm of Ingka Group (Ingka Holding B.V and its controlled entities), has made a minority investment in the company. Ingka Group is a strategic partner in the IKEA […]
Rustomjee, Ikea to offer furnished homes near Mumbai, eye Rs 700 crore revenue
NEW DELHI: In a first, the Swedish furniture retailing giant Ikea has partnered with the city-based developer Rustomjee to offer designer, furnished homes at upcoming township project Global City at Virar near here. The home furnishing and accessories major Ikea will design around 1,200 units of 1& 2 BHK apartments priced between Rs 41 lakh […]
Ikea to create 10,000 jobs in Maharashtra over next 3 years
MUMBAI: Swedish furniture giant Ikea is planning to hire 10,000, both direct and indirect, in Maharashtra over the next two to three years, a senior company executive has said. The company opened its first store in Hyderabad in August this year and the Navi Mumbai will be the second store in the country. “Next year, […]
IKEA to invest Rs 2,000 crore in its Bengaluru store
NEW DELHI: Swedish furniture, kitchen appliances and home accessories retailer IKEA would invest Rs 2,000 crore in setting up and expanding its store in this tech hub in 2020, a top official said on Thursday. “As Karnataka is a priority for us, we are investing Rs 1,000 crore in setting up our popular store and […]