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IKEA

Ikea looks at next round of investment in India after fulfilling Rs 10,500-crore promise

Ikea looks at next round of investment in India after fulfilling Rs 10,500-crore promise

Sun, Feb 04, 2024

The company, which kicked off its retail operations in India with the opening of its first store in Hyderabad in August 2018, is currently setting up projects in Delhi-NCR that are expected to open in 2025 and will complete its committed investment for 10 years.

Furniture retailer Ikea adds doorstep delivery facility in 62 new markets in 4 states

Furniture retailer Ikea adds doorstep delivery facility in 62 new markets in 4 states

Tue, Jan 30, 2024

This is part of the approach of the entire Ikea brand evolving towards an omnichannel approach globally, acknowledging the challenges of people having less time and the importance of convenience in their purchasing decisions, said Pulverer.

Ikea enters 2nd phase of growth in India, to expand retail operations, local sourcing

Ikea enters 2nd phase of growth in India, to expand retail operations, local sourcing

Sun, Sep 03, 2023

Ikea, which has completed five years of retail operations after opening its first store in Hyderabad on August 9, 2018, plans to increase its employee count to 10,000 from 3,000 in the coming years.

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IKEA to open its largest store in India so far in Bengaluru

IKEA to open its largest store in India so far in Bengaluru

Tue, Jun 21, 2022

With a planned investment of Rs 3,000 crore in Karnataka, IKEA is expecting to attract close to 5 million visitors this year in Bengaluru, the company said.

IKEA malls business to invest around $928 million in India, top executive says

IKEA malls business to invest around $928 million in India, top executive says

Wed, Dec 08, 2021

The malls division of Swedish furniture giant IKEA will invest around 70 billion Indian rupees ($928 million) in two centres it plans to build on the outskirts of New Delhi, a top executive said on Wednesday.

IKEA to launch first city store in Mumbai

IKEA to launch first city store in Mumbai

Tue, Aug 24, 2021

IKEA is going to open its first-ever city store in India at Mumbai.

News Live: IKEA store opened in Mumbai, famous for home furnishing IKEA

News Live: IKEA store opened in Mumbai, famous for home furnishing IKEA

Fri, Dec 18, 2020

Sweden's IKEA store opened in Mumbai, famous for home furnishing.

Home furnishing shopping alert! IKEA Family Credit Card by Citi LAUNCHED - No fee, attractive EMIs, reward points and more

Home furnishing shopping alert! IKEA Family Credit Card by Citi LAUNCHED - No fee, attractive EMIs, reward points and more

Thu, Oct 15, 2020

IKEA Family Credit Card: Know what all it offers!

IKEA to adopt omni-channel approach for expansion in India

IKEA to adopt omni-channel approach for expansion in India

Mon, Sep 28, 2020

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

Chennai real estate alert! Planning to buy flat? Here is a unique opportunity for you from Akshaya-IKEA

Chennai real estate alert! Planning to buy flat? Here is a unique opportunity for you from Akshaya-IKEA

Thu, Jun 18, 2020

It's a unique opportunity for you if you are among those planning to buy a home in Chennai.

Ingka Group invests in Livspace

Ingka Group invests in Livspace

Mon, May 20, 2019

Launched in 2015, Livspace had raised USD 70 million (about Rs 490 crore) as part of its series C round and brought TPG Growth and Goldman Sachs onboard as investors. Livspace said the fresh investment comes months after the last round and Avendus Capital was the financial advisor to the company for the investment.

Looking at omni-channel presence in India, says Swedish home furnishings major IKEA

Looking at omni-channel presence in India, says Swedish home furnishings major IKEA

Thu, Feb 14, 2019

"We are long term committed to India. We are planning to have omni-channel presence here. We will have three formats -- big stores, online and smaller stores here," IKEA India CEO Peter Betzel told PTI.

IKEA accelerates services drive as competition stiffens

IKEA accelerates services drive as competition stiffens

Mon, Feb 11, 2019

"Anyone who sells furniture will have a delivery service," Kantar Retail analyst Ray Gaul said. "The difference will be that instead of having just a delivery service, IKEA are trying to give some assistance in designing your space, and that`s where TaskRabbit can be helpful."

IKEA's first India store sold more despite lower than anticipated footfall

IKEA's first India store sold more despite lower than anticipated footfall

Fri, Feb 01, 2019

"The ambition was to have more footfall. We imagined higher visitation but at the same time we see many positive categories. People are buying more items and they are spending more money. We are selling more pieces. This is good for IKEA because we are volume driven company. They are spending and buying more than we anticipated," said John Achilles, Hyderabad Store Manager, IKEA India.

IKEA to furnish Rustomjee group flats

IKEA to furnish Rustomjee group flats

Mon, Jan 21, 2019

Real estate developer Rustomjee has tied up with furniture giant IKEA India to design and furnish flats in its Virar project.

Good news! Whopping 8000 jobs coming; do you live in this state?

Good news! Whopping 8000 jobs coming; do you live in this state?

Thu, Dec 20, 2018

House furnishing company, IKEA India has signed a memorandum of understanding (MoU) with the Chief Minister Yogi Adityanath led Uttar Pradesh government according to which it will invest more than Rs 5000 crore in the state over the coming years.

Jobs 2018: IKEA on hiring drive in India, to up staff count to 15,000, but will sack 7,500 other staff

Jobs 2018: IKEA on hiring drive in India, to up staff count to 15,000, but will sack 7,500 other staff

Wed, Nov 21, 2018

Swedish furniture major IKEA Wednesday said its employee count in India may see a ten-fold rise to 15,000 in future, whereas the company may look at trimming around 7,500 jobs globally as part of restructuring.

IKEA finds solution to stubble burning in Delhi NCR?

IKEA finds solution to stubble burning in Delhi NCR?

Fri, Nov 16, 2018

The project, part of the company`s `Better Air Now` initiative, will begin from India and is focussed on New Delhi, Gurugram and Faridabad which are among the world`s most air polluted cities.

IKEA to invest Rs 2,000 crore in its Bengaluru store

IKEA to invest Rs 2,000 crore in its Bengaluru store

Fri, Oct 12, 2018

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 another Rs 1,000 crore in expanding it later," IKEA India Chief Executive Peter Betzel told reporters at its ground-laying ceremony in the city`s northwest suburb.

Good news! Despite Modi govt move, Ikea not to hike prices of low-end furniture products

Good news! Despite Modi govt move, Ikea not to hike prices of low-end furniture products

Mon, Oct 08, 2018

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 non-essential goods.

IKEA plans to invest Rs 3,000 crore for three new centres

IKEA plans to invest Rs 3,000 crore for three new centres

Sat, Oct 06, 2018

The company would open the centres as an omni-channelling brand with large IKEA stores, city centre stores and online presence, deputycountry manager (Management) of IKEA India Patrik Antony told PTI here Friday.

What is IKEA? All you want to know about the company that just opened its store in Hyderabad

What is IKEA? All you want to know about the company that just opened its store in Hyderabad

Fri, Aug 10, 2018

In 2006, Ikea first displayed interest in the Indian market, but Indian laws then allowed only 51 per cent foreign ownership. Besides, foreign single-brand retailers were needed to have a local partner to operate in India.

Crowds storm IKEA store in Hyderabad on first day

Crowds storm IKEA store in Hyderabad on first day

Fri, Aug 10, 2018

With huge crowd thronging the store in the evening, the IKEA staff reportedly found it a bit difficult to regulate the entry, and there were also tense moments when some people broke queue to force their way in. A large number of visitors thronged the store as the company had launched an aggressive marketing campaign including advertisements with the prices of affordable products.

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