Ikea Group
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"Grown Bit Too Complex": Ikea To Cut 850 Jobs At Parent Company
Of the 850 staff positions being cut, around 300 will be in Sweden based on current plans, Inter Ikea said. The company reported a 32% drop in profit in FY25.
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IKEA Group Planning To Cut 7,500 Administrative Jobs
IKEA Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday.
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Ikea Sticks To Plan For 25 Stores The Size Of 4 Football Fields In India
Ikea Group will double sourcing from India to 600 million euros ($667 million) as the retailer opens its first domestic outlet next year in a nation pegged to grow into the world's third-largest consumer market.
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Ikea beware? Online furniture store Home24 plans expansion
Online retailer Home24, a Germany-based start-up which hopes to challenge Ikea's dominance of the European furniture market, is preparing to expand, betting sofas, beds and lamps will be the next big chunk of the industry to move onto the internet.
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IKEA founder steps further back, youngest son takes key role
Ingvar Kamprad, creator of Swedish furniture retailer IKEA, is to take another step back from his company as the youngest of his three sons takes a key board role in a gradual handover of power.
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Finance Ministry sends IKEA's FDI proposal to Cabinet for final approval
After clearing the IKEA's Rs 10,500 crore FDI proposal, the Finance Ministry today said it has now forwarded the investment plans of Swedish furniture major to set up single-brand retail stores to the Cabinet Committee on Economic Affairs (CCEA) for final approval.
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IKEA posts record profit as it entices cost-conscious shoppers
IKEA Group, the world's biggest furniture retailer, posted a record net profit on Wednesday for the 2011/12 year, helped by sales and market share growth as budget design enticed austerity-hit shoppers.
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2012 an eventful year for retail on controversies, FDI, Wal-Mart
It was an eventful year for the retail sector, where the government permitted foreign direct investment in multi-brand segment, as it courted controversies with several opposition parties, eventually turning into a political issue in Parliament.
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India store opening subject to full government approval: IKEA
The government on Friday tweaked the sourcing norms for FDI exceeding 51 per cent in single-brand retail and diluted the previous condition of sourcing 30 per cent of requirements "mandatorily" from micro, small and medium enterprises (MSMEs) in India by stating that sourcing should be done "preferably from MSMEs".
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"Grown Bit Too Complex": Ikea To Cut 850 Jobs At Parent Company
Of the 850 staff positions being cut, around 300 will be in Sweden based on current plans, Inter Ikea said. The company reported a 32% drop in profit in FY25.
-
IKEA Group Planning To Cut 7,500 Administrative Jobs
IKEA Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday.
-
Ikea Sticks To Plan For 25 Stores The Size Of 4 Football Fields In India
Ikea Group will double sourcing from India to 600 million euros ($667 million) as the retailer opens its first domestic outlet next year in a nation pegged to grow into the world's third-largest consumer market.
-
Ikea beware? Online furniture store Home24 plans expansion
Online retailer Home24, a Germany-based start-up which hopes to challenge Ikea's dominance of the European furniture market, is preparing to expand, betting sofas, beds and lamps will be the next big chunk of the industry to move onto the internet.
-
IKEA founder steps further back, youngest son takes key role
Ingvar Kamprad, creator of Swedish furniture retailer IKEA, is to take another step back from his company as the youngest of his three sons takes a key board role in a gradual handover of power.
-
Finance Ministry sends IKEA's FDI proposal to Cabinet for final approval
After clearing the IKEA's Rs 10,500 crore FDI proposal, the Finance Ministry today said it has now forwarded the investment plans of Swedish furniture major to set up single-brand retail stores to the Cabinet Committee on Economic Affairs (CCEA) for final approval.
-
IKEA posts record profit as it entices cost-conscious shoppers
IKEA Group, the world's biggest furniture retailer, posted a record net profit on Wednesday for the 2011/12 year, helped by sales and market share growth as budget design enticed austerity-hit shoppers.
-
2012 an eventful year for retail on controversies, FDI, Wal-Mart
It was an eventful year for the retail sector, where the government permitted foreign direct investment in multi-brand segment, as it courted controversies with several opposition parties, eventually turning into a political issue in Parliament.
-
India store opening subject to full government approval: IKEA
The government on Friday tweaked the sourcing norms for FDI exceeding 51 per cent in single-brand retail and diluted the previous condition of sourcing 30 per cent of requirements "mandatorily" from micro, small and medium enterprises (MSMEs) in India by stating that sourcing should be done "preferably from MSMEs".
