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News about IKEA
Spinning To DefeatAs the unofficial election campaign in the UK hots up the signs are that Team Brown are winning hands down. Recent allegations of a "culture of bullying" inside Downing Street, that should have been highly Ikea forecasts ‘flat’ profits for 2010 In a rare comment on Swedish furniture giant Ikea’s financials on February 22, the firm’s CEO reported flat profits for 2009 with more of the same forecast for 2010, The Local reported. We do not Ikea mounts campaign against Russian corruption Swedish furniture giant Ikea vowed on 15 February to root out corruption and bribery in its 12 Russian outlets, after firing two top managers in St. Petersburg at the weekend, DPA reported. No stone will IKEA company unveils rapid China expansion Inter IKEA Centre Group, (IICG) a sister company of the Swedish furniture retailer, has announced plans to build two new shopping centres in China, an investment worth $1.2 billion, The Local reported on 28 November. The IKEA's profits rise to $29 bln in the last six months Swedish home furnishings giant Ikea has raked in more than 200 billion kronor ($29 billion) in profits since the turn of the century, according to a new report cited by the local.se on 23 November. Since IKEA furniture in land purchases for Serbia sales centres Swedish furniture manufacturer IKEA has bought land for new sales centres in Nis, eastern Serbia and Cacak in the west and is also negotiating a purchase in Belgrade, the domestic Blic newspaper reported. The government Ikea founders mull sale of Habitat furniture chain The family of Ingvar Kamprad, the Swedish billionaire founder of the Ikea discount furniture chain, is thinking about ditching the high-end Habitat furniture and design chain, The Local reported on 19 October. Previous Sunday, the group’s For some in China, the parade has passed them by – and gladly too  BEIJING – Ten days in China doesn’t make you an old China hand, but for journalists who’ve been around the block, and the world, it was enough to get the lay of the land and Athens Metro moves ahead The Athens Metro Line 3 (blue line) section from the Defense Ministry station to the Athens International Airport Eleftherios Venizelos (AIA) reopened to the public on September 2, after being closed since mid-February for the Ikea accuses Russia energy provider of massive fraud Swedish furniture chain Ikea accused its Russian electricity and gas providers of massive and systematic fraud amounting to 1.5 billion kronor (USD 190 million), Deutsche Presse-Agentur (dpa) reported. According to Ikea founder and majority shareholder Swedish town accepts the Euro as its own Sweden may have rejected introducing the joint European currency, but that has not prevented a small southern Swedish town from introducing the Euro as a parallel currency as of January 1, Deutsche-Presse-Agentur (dpa) reported. ?This IKEA moves in on Serbia Minister of Trade and Services Slobodan Milosavljevic said that the Swedish company IKEA is interested in investing in three of the Simpo furniture company factories from Vranje. Minister of Trade and Services Milosavljevic said that Someone’s making money, IKEA’s rolling in it  The Swedish division of global home furnishings giant IKEA reported pre-tax profits of 2.1 billion Swedish crowns (189.8 million Euro) for the 2008 fiscal year, adding that shops remain crowded despite the financial crisis, as Investors keen on tapping potential A few years back Kazakhstan was a country which was not easily available on the map but now this Central Asian nation is preparing to welcome a series of multinational investors and developers that are Industrial action at Ikea and Carrefour Striker posts blocked the entrances to 10 Carrefour hypermarkets on October 31 as they did the week before. Meanwhile, the social unrest has spread to the subsidiaries of the Swedish furniture giant, Ikea. This week 5 IKEA’s coming to town Swedish furniture retailer IKEA plans to invest more than 875 million Euro in Serbia for construction of shopping malls. The Chairman of IKEA Board of Directors, Mick El Olson, presented the proposal to Serbian Prime IKEA to buy chinaware in Hungary A venerable Hungarian porcelain factory said on September 17 that it has landed an order to make china tableware for Swedish home furnishing retailer IKEA. Zsolnay Porcelanmanufaktura expects to sign a seven-year deal shortly to It was a very good year for IKEA, but worry looms T here’s still long lines in their parking lots and going out the door with carts piled high with goods, and that’s meant record sales this financial year, but furniture retail giant IKEA said it Austria’s home hardware giant heads for Turkey Baumax, the largest hardware and home improvement store chain in Southeastern Europe, is eying Turkey for new investments, with the Austria-based company planning to open 10 stores in Turkey within two years, the company reported. Polish megastore legislation brings IKEA to Romania The new law on large commercial centres seems to have undermined IKEA’s plans to enter the Polish market. But since some 1.6 billion Euro have already been allocated for new investments, the Swedish retailer decided |
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