IKEA seeks relaxation local sourcing norms in India

Swedish home furnishings major IKEA has sought relaxation from the government for five years over mandatory 30 percent local sourcing norms from opening of its first store in India.

Working on sustainable model for sourcing in India: IKEA

Swedish furniture retail giant IKEA Thursday said it is working on a long-term sustainable model for raw material sourcing in India.

India a very important market for us: IKEA

Global home furnishing major IKEA is betting big on India as the next major destination for its global expansion plans.

CCTV `shows Ikea suspect tried to kill self` after murders: Report

 CCTV footage from an Ikea store in Sweden where two people were stabbed to death earlier this week, show the alleged attacker trying to commit suicide, the Aftonbladet daily reported Wednesday.

IKEA buys land in Hyderabad, moves closer to opening India store
IKEA buys land in Hyderabad, moves closer to opening India store

IKEA, world's largest furniture retailer, today said it has purchased its first land in the country in Hyderabad, moving closer to its plan of setting up 25 stores in India at an investment of Rs 10,500 crore over the next decade.

IKEA raises minimum wage for US workers 2nd year in a row

Ikea's US division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce worker turnover.

IKEA to make home deliveries in all countries with stores

Swedish furniture giant IKEA announced Wednesday that it would expand its online sales service to include home deliveries in all countries where it has stores.

Ikea kills world's most ambitious 'hide-and-seek' game

 A hide-and-seek match with more than 32,000 Facebook signees has been squashed by Ikea, a report said.

Ikea turns furniture into wireless phone chargers

Global furniture giant Ikea announced on Sunday the launch of desks, tables and lamps that will wirelessly charge phones and other devices.

Now, futuristic furniture that can charge your smartphones
Now, futuristic furniture that can charge your smartphones

A new range of futuristic furniture has been developed that can charge smartphones, which that will bring an end to wire-filled rooms.

IKEA plans to ramp up sourcing in India, eye new categories

Swedish furniture retail major IKEA is mulling increasing sourcing of items from India and widening its supplier base in the country.

IKEA India CEO to meet DIPP Secy, to discuss e-commerce

"The meeting between Kant and Maeztu will discuss its 'make more in India' initiative of the company to increase sourcing from India as the company wants to produce maximum products in India," a source said.

Ikea to double local sourcing by 2020

The global home furnishings major Ikea, which currently sources USD 370 million worth of goods from here annually, aims at doubling it by 2020.

IKEA to double sourcing from India by 2020

World's largest furniture retailer Ikea Wednesday announced a new initiative 'Make More in India' as it plans to double its sourcing from the country to about 630 million euro by 2020.

Luxembourg, Juncker under fire after global tax leaks

Luxembourg and its former premier Jean-Claude Juncker -- who is now the new head of the European commission -- came under fire on Thursday after leaked documents showed the tiny nation gave hundreds of global firms huge tax avoidance deals.

IKEA makes push for growth

IKEA, whose stadium-sized furniture stores draw shoppers from miles around, is making an online push.

IKEA's first India store in Hyderabad

IKEA India on Wednesday signed a Memorandum of Understanding (MoU) with the Telangana government for opening the store.

Ikea to invest $500 mn more in India, eyes 25 stores in 10 years

The new stores, each needing investment of around Rs 500 crore, will come in the cities like Mumbai, Delhi, Hyderabad and Bangalore.

IKEA to open first Indian store in Hyderabad

IKEA CEO Juvenico Maeztu and CFO Preet Dhupar met the chief minister on Wednesday.

20,000 seek Ikea jobs in Spain, crashing server

A flood of 20,000 applications for jobs at a new Ikea store in Spain crashed the company`s Internet server, forcing it to suspend the hiring process, the Swedish furniture giant said on Wednesday.