USA > Sweden based IKEA Group acquires its first U.S. forest property of approximately 25000 acres in Alabama, U.S

Ikea logo Acquiring its first U.S forest property, IKEA Group invests in forestry as a party of a broader strategy to invest in the sustainable production of resources that IKEA Group consumes. This new 25,000 acres in Lowndes County, Alabama in addition to the 25,0000 acres  forest land located in Romania and the Baltic States. According to Krister Mattsson, Head of Financial More …

MALAYSIA > Swedish IKEA sets up supply chain center and regional distribution center in Malaysia

1280px-Ikea_logo.svg With an investment of RM 908 million ($ 213 million) Netherlands based IKEA is setting up supply chain center and regional distribution center for ASEAN in Malaysia. The Malaysian distribution center is to follow structure and technology like its biggest regional distribution center of Germany and it will be one of the 10 largest regional distribution center globally. According to More …

CANADA > Sweden based IKEA to Establish Customer Distribution Center in British Columbia Creating 100 New Jobs

1280px-Ikea_logo.svg Swedish home furnishing retailer -IKEA – is set to open a 340,000 square foot customer distribution center in Richmond, British Columbia (Vancouver metro area) in April of 2018. The investment will create approximately 100 new jobs. According to IKEA’s press release, IKEA Canada plans to double in size by 2025. A new store is slated to open this (2017) fall More …

BAHRAIN > Sweden’s IKEA to expand to Bahrain investing $124.68Mn

1280px-Ikea_logo.svg Swedish furniture giant IKEA to expand to Bahrain with 37,000-meter sq. store. The expansion will see IKEA invest BD47Mn ($124.68Mn). The store is scheduled to open by mid of 2018.   About IKEA IKEA (Ingvar Kamprad Elmtaryd Agunnaryd) is a multinational group, headquartered in the Netherlands, that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories. It was founded in Sweden in 1943 by then-17-year-old Ingvar Kamprad. The company More …

INDIA > IKEA plans 25 stores in India over 10 years

ikea IKEA Group, the Swedish home furnishing company, is planning to invest US$ 105 Million (INR. 700 Crore) on just the Hyderabad store location that spans 400,000 sq feet. It plans to attract 5-6 million customer every year in this particular store. IKEA plans to open 25 other stores in the coming decade while doubling its sourcing from India by the More …