Ikea India to source more products locally amid rising inflation
The company's fourth Indian store, its biggest, opens in the Indian tech hub of Bengaluru in Karnataka on Wednesday, four years after Ikea entered the Indian market.
Ikea to raise prices 9% worldwide amid supply challenges
It nevertheless says it plans to maintain the affordability of the goods being sold, keeping prices as low as possible.
Ikea expects supply woes to spill into 2022
Suppliers have struggled to keep up with a surge in demand for goods as economies have reopened following lockdowns and restrictions imposed due to the Covid pandemic.
Ikea France faces verdict over employee spying claims
In one case, the former head of risk management wanted to know how an employee could afford to drive a brand-new BMW convertible, while in another he sought to know why an employee in Bordeaux had 'suddenly become a protester'.
Ikea will buy back its furniture in bid for sustainability
The 'Buy Back' scheme will be launched in 27 countries on Black Friday.