Ikea India Records Net Loss of Rs 902 cr in FY22, Sales Up by 77 Pc
Home furnishings retailer Ikea's Indian unit has recorded a net loss of Rs 902.8 crore in FY22. The net loss widened this year as compared to Rs 809.…
IKEA Infuses Rs 600 Cr into its India retail Subsidiary
IKEA infused Rs 600 cr into its India retail subsidiary. The fund infusion into its India subsidiary was made through two entities Ingka Pro Holding…
IKEA Eyes to Open Small City Outlets Along with Mega Formats in India
Swedish furniture retailer IKEA plans to open small city outlets along with its mega format stores in India supported by online channels, tweaking…
Ingka Centres Breaks Ground on its First IKEA Anchored Meeting Place in India?
Ingka Centres, part of the Ingka Group (which also includes IKEA Retail and Ingka Investments), marked the start of main construction works on its…
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IKEA India Appoints Murali Iyer as CFO
IKEA (part of Ingka Group), the world’s leading Swedish home furnishings retailer, announced the appointment of Murali Iyer as its new Chief…
IKEA to Expand Offline Presence, Eyes to Open?its Second City Store in Mumbai?
Continuing its omnichannel expansion in India, IKEA, the world’s leading Swedish home furnishings retailer, announced the location of its second…
Ikea Eyes to Relocate Purchasing Office to Bengaluru from Gurugram
Swedish furniture retailer Ikea is shifting its purchasing office, which sources products for its global supply chain from India, from Gurugram to…
IKEA India Expands Offline Presence, Opens its First Large Format Store in Bengaluru
IKEA (part of the Ingka Group), the world’s leading Swedish home furnishings retailer will open the doors to its largest store in India so far, in…
IKEA India Expands Offline Presence, Opens its First Bengaluru Store
IKEA India (part of the Ingka Group), the world’s leading Swedish home furnishings retailer revealed that it will open doors to its store in…
IKEA to Spend 3 Bn Euros For Global Retail Expansion?
IKEA retailer Ingka Group is reported to spend 3 billion euros ($3.2 billion) through 2023 on new and existing stores, much of it to modify its…
IKEA India to Gear-up Local Sourcing: Says Susanne Pulverer, CEO
IKEA India is planning to increase local sourcing of their products which will not only help in staying affordable but will also create more jobs and…
IKEA India Appoints Adosh Sharma as Country Expansion Manager
IKEA (part of Ingka Group), the world’s leading Swedish home furnishings retailer, announced the appointment of Adosh Sharma as its new Country…
IKEA India Appoints Susanne Pulverer as its First Woman CEO and CSO
IKEA (part of Ingka Group), the world’s leading Swedish home furnishings retailer, announced the appointment of Susanne Pulverer as its new and first…
Ingka Group Opens its First Shopping Centre in Gurugram; to Infuse Nearly Rs 3,300 Cr
Ingka Centres, a division of Ingka Group, announced it will open a shopping center in Gurugram, with an investment of around Rs 3,300 crore.  "While…
Enviu, CAIF, and IKEA Foundation to Build New Textile Waste Management Infra
Enviu, Circular Apparel Innovation Factory (CAIF), and IKEA Foundation have partnered to set the ground for building a new circular textile waste…
IKEA India to Open First City Store in India in Mumbai
IKEA, the Swedish home furnishing retailer, has announced the location of its first city store in India. After opening a large-format store in Navi…
IKEA India Partners with Tata STRIVE to Build Employability and Entrepreneurship among Youth
IKEA India (part of Ingka Group), the Swedish home furnishings retailer, has partnered with Tata Community Initiatives Trust (TCIT), Tata STRIVE. The…
IKEA India Appoints Nivedeeta Moirangthem as Country Communications Manager
IKEA India has announced the appointment of Nivedeeta Moirangthem as the Country Communications Manager to lead its total communications portfolio…
IKEA Enters Bengaluru with E-Commerce and Mobile Shopping App
IKEA, the world’s leading Swedish home furnishing retailer, has launched its e-commerce services and mobile shopping app in Bengaluru. The people of…
IKEA to Accelerate Indian Suppliers' Transition to 100 pc Renewable Power
IKEA, the world’s leading omnichannel Swedish home furnishings retailer, announced a new program in India, Poland, and China that supports nearly 1,…
IKEA Enters Gujarat with Online Store and Shopping App
IKEA, the world’s leading omnichannel Swedish home furnishings retailer, announced the launch of its mobile shopping app and e-commerce offer in…