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Patrik Antoni

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Ikea exits Russia, sells shopping centre portfolio

Shiv Joshi -
Ingka Centres sold its 14 centres to a subsidiary of the Gazprombank Group. After the divestment of the shopping centres, Ingka Centres will have no operational business in Russia New Delhi: The Ingka Group has decided to sell its Russian portfolio...
Home Decor & Furnishing

IKEA not to hike prices of low-end furniture products

Indiaretailing Bureau -
Swedish furniture giant IKEA Sunday said it would not raise the prices of low-end furniture and furnishing products if the company costs increase due to Centre's recent hike in customs duty on some furnishing items to curb imports of...
Home Decor & Furnishing

The IKEA India experience, strategies and future plans

Charu Lamba -
Finally, the wait is over! IKEA, the world’s leading Swedish home furnishing retailer has opened the doors of its Hyderabad store for customers on August 09, 2018. Expressing joy, Peter Betzel, CEO, IKEA India says, “At IKEA the people, the...
Home Decor & Furnishing

IKEA eyes 15 pc growth year-on-year on same store basis: Patrik Antoni, Deputy Country Manager

Charu Lamba -
IKEA, the furniture retailer which bets big on sustainability, has opened its first store in Hyderabad on August 09. The Swedish home furnishing major has been sourcing from India for its global stores for more than 30 years. Its...
Home Decor & Furnishing

IKEA to open over 40 stores across different formats

IANS -
Buoyed by the rapid growth of the retail sector, leading Swedish home furnishings retailer IKEA plans to increase its investments in the country. On the eve of the launch of the first India store here on Thursday, the company officials...
Home Decor & Furnishing

IKEA to use electric vehicles for home deliveries

Indiaretailing Bureau -
Swedish furniture maker IKEA is planning to use electric vehicles for home deliveries across the country, said a senior official of the company. IKEA initially aims at using electric vehicles, upto 20 percent of its total customer delivery fleet and...
Home Decor & Furnishing

IKEA ties up with UrbanClap for its upcoming outlet in Hyderabad

Indiaretailing Bureau -
UrbanClap, a mobile-based services marketplace said it has been engaged as the furniture assembly service partner for IKEA in Hyderabad. IKEA will open its first store of about 400,000 square feet property in the city this summer. As part of...
Home Decor & Furnishing

IKEA to invest up to Rs 2,000 cr in Kolkata

Indiaretailing Bureau -
Swedish retail giant IKEA Group has written to West Bengal Chief Minister Mamata Banerjee seeking appointment next month to discuss multi-crore investment plans for the state. According to a PTI report: IKEA plans to open up to 2 stores in...
Home Decor & Furnishing

IKEA to invest Rs 3,000 cr in Maha for stores, experience zones

Indiaretailing Bureau -
Swedish furniture retailer IKEA will invest Rs 3,000 crore in the state over the long-term to set up multi-format stores as well as experience centres. "We will be investing close to Rs 3,000 crore over the long-term in the state...
Home Decor & Furnishing

IKEA wins circular economy award at World Economic Forum

Indiaretailing Bureau -
IKEA has been selected as winner in The Accenture Strategy Award for Circular Economy Multinational at the world Economic Forum in Davos. IKEA has won this award in recognition of its work leading to sustainable transformation of the IKEA business...
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Food & BeverageIndiaretailing Bureau -

Curtain Raiser: India Food Forum 2023

More than 300 speakers, 700 brands and companies convene at the biggest B2B food intelligence event of the year....
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