Ikea Products News

Companies

Ikea parent to create 11,500 jobs globally over two years

Ikea parent Ingka says 7,500 employees of the current 160,000 across 30 markets globally may become redundant

2 min read22 Nov 2018
Companies

Ikea Hyderabad plans tie-up with developers to display ‘show homes’

The idea is to showcase its products in one apartment in one project, similar to what developers usually do by creating sample apartments to attract buyers

2 min read2 Nov 2018
Companies

Ikea online store in India likely by March next year

Ikea will invest 1,000 crore for its 500,000 sq. ft Bengaluru outlet, which is expected to open in the summer of 2020

1 min read12 Oct 2018
Companies

Ikea’s long road to India: A timeline

Ikea's first India store in Hyderabad that opened today is a milestone which has been more than a decade in the making. Here's a look back

2 min read9 Aug 2018
Companies

Ikea tackles high taxes to keep prices low in India

At Ikea's Hyderabad store, which opens tomorrow, the Swedish furniture maker's best-selling Billy bookcase will be available for 3,990a fifth of the original priceand Ektorp sofa 30% cheaper at 21,990

2 min read8 Aug 2018
Companies

Ikea’s first store in India opens in Hyderabad tomorrow

India's first Ikea store in Hyderabad's Hitec City contains some 7,500 products, of which about 1,000 will sell for less than ₹200 apiece

4 min read8 Aug 2018
Companies

IKEA to open its first India store in Hyderabad on 19 July

Ikea has already invested 1,000 crore for its Hyderabad store and aims to reach 200 million customers in India in the next three years

1 min read8 Jul 2018
Companies

Ikea sees India capex exceed its original plan, before first store’s launch

Ikea had in 2014 said it would invest 10,500 crore to set up 25 stores across India over 10 years, but has already spent 800 crore just to set up its first store in Hyderabad

1 min read29 Jun 2018
Companies

Ikea India acquires land for store in Bengaluru

Ikea India has acquired 14 acres of land from Bangalore Metro Rail to set up its Bengaluru storeits third in the country after Hyderabad and Mumbai

2 min read1 Jun 2017
Companies

Ikea appoints Jesper Brodin new CEO to lead Asia expansion, online growth

Jesper Brodin will replace Peter Agnefjall as Ikea's new CEO from 1 September to drive the Swedish furniture firm's Asia expansion plans and online growth

2 min read25 May 2017
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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