IKEA TO INVEST IN INDIAN RENEWABLE ENERGY PLANTS

HIGHLIGHTS

• IKEA is going to invest in Indian renewable energy plants.
• With an additional EUR 4 billion budget, IKEA wishes to accelerate its investments in renewable energy on a global level.

Swedish furniture giant Ingvar Kamprad El...

IKEA INDIA TARGETS 12 PERCENT OF RETAIL SALES IN KIDS' PRODUCTS

HIGHLIGHTS

• IKEA India has set the target to achieve 12% of retail sales in kids' products.
• Currently IKEA sources only cotton-based soft toys from India.
• IKEA is also exploring ideas to expand in some other toy categories such as wooden...

IKEA ACCUSED OF DISCRIMINATORY TREATMENT BY THE COMPANY’S KOREAN BRANCH LABORERS

Highlights –

• Ikea accused of discriminatory treatment by the company’s Korean branch laborers.
• Around 800 Ikea Korea employees plan to take part in a three-day strike next week.
• The average hourly wage of Ikea employees is $15, ...

IKEA KOREA SALES GROW UNABATED IN PANDEMIC TAPPING CHANGING CUSTOMER MINDSET

• Ikea Korea was elated as it witnessed on Tuesday sales growing by over 30 percent in the fiscal year of 2020 following enhanced desire in home furnishings amid COVID-19.
• Holding an online press conference via Zoom, Ikea Korea Country Retail Manager Fredrik Johansson revealed th...

IKEA TO STEP-IN AND DOLE OUT HEALTHCARE GIVERS WITH PROTECTIVE GEAR

• IKEA has been witnessing a super run with its furniture products and has embarked on a project to make aprons and facemasks for hospitals.
• No better brand than IKEA to step-in with this thunderous idea for a venture.

IKEA, the iconic furniture brand is ramping...

India plans to increase import duties on more than 50 products

NEW DELHI (Reuters)-India plans to increase import duties on more than 50 products including automobiles, electrical goods, chemicals and crafts, targeting about $56 billion in imports from China and elsewhere, officials and industry sources said.

Finance Minister Nirmala Sitharaman was...

IKEA boss aims to transition to clean energy lifestyle

IKEA recently declared their aim to become a fossil fuel free furnishings chain. The CEO of Ingka Holding which controls 374 of 423 Ikea stores, Jesper Brodin has started inculcating the sustainable habits at home. He plans to scrap his petrol-powered car to a clean energy vehicle soon.

Nearly ninety-thousand people applied for more than two-hundred jobs at IKEA in Dubai

Dubai along with its brand continues to be a captivating force for job seekers that a very limited number of other cities are able to compete.

To testify the point, masses of people have applied recently for more than two-hundred jobs at the opening of the largest IKEA store in the Unit...

Sustainable energy strategy launched by UNHCR

In recognition of the growing climate crisis and to spice up refugees’ access to safe and property energy, whereas minimizing its own environmental impact, UNHCR, the UN refugee agency, launched a four-year international Strategy for property Energy.

The strategy promotes the tran...