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, 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…
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.