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Patrik Antoni

Ikea exits Russia, sells shopping centre portfolio

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 RussiaNew Delhi: The Ingka Group has decided to sell its Russian portfolio...

IKEA not to hike prices of low-end furniture products

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...

The IKEA India experience, strategies and future plans

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...

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

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...

IKEA to open over 40 stores across different formats

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...

IKEA to use electric vehicles for home deliveries

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...

IKEA ties up with UrbanClap for its upcoming outlet in Hyderabad

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...

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

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...

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

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...

IKEA wins circular economy award at World Economic Forum

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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Evenflow raises undisclosed bridge round, readying for IPO in 2027

The new funds will be used to expand operations and grow all seven acquired homegrown brands. New Delhi: House of...
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