Swedish home furnishings major IKEA announced the appointment of Murali Iyer as its new Chief Financial Officer, in India, according to The Hindu report. He takes over from Preet Dhupar, who has moved into a global role within Ingka Group, that owns IKEA, as per a company statement. Iyer would be part of IKEA India…
IKEA has been handed around 50,000 sq metres land for facility in Noida. The company, according to Ritu Maheshwari – Noida Authority CEO, will invest Rs 5,000 crore in the city in the coming seven years, and, as a result, will create jobs for 2,000 persons. Maheshwari said in a tweet, “In dignified presence of CM…
IKEA, the Swedish furniture retail chain, said it will open a new global office from the Karle Special Economic Zone in Bengaluru, according to a Mint report. “The availability of a large talent pool in India is one of the key reasons behind selecting the global office. The office will operate from the Karle Special…
Amidst a global fear of the flu-like Coronavirus, many corporations around the world have decided to temporarily shut their operations in China. With the virus spreading fast, an alarm has been set off across the globe with companies shutting their stores, putting travel restrictions on employees and warning of a financial hit from slowing business…
The world’s largest furniture retailer IKEA is planning to invest Rs 5,000 crore in Uttar Pradesh. IKEA, which is planning to set-up a large format store in Noida, has signed a memorandum of understanding (MoU) with the Uttar Pradesh government for opening stores in the state. The investment would create over 8,000 direct and indirect job opportunities…
IKEA has taken another key step towards establishing itself in India. Foreign Investment Promotion Board (FIPB) has, approved the company’s investment proposal to establish single-brand retail stores in India. FIPB has forwarded the proposal to the Cabinet Committee on Economic Affairs (CCEA) for consideration and final approval. IKEA, is the leading Swedish furniture maker,…
Sweden’s IKEA, the worlds largest furniture maker, plans to invest invest Rs 10,500 crore for setting up of 25 stores in single-brand retail in the country. IKEA already has a strong presence across the globe with their stores in more than 38 countries. Of these 287 stores in 26 countries belong to the IKEA Group.