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IKEA

IKEA opens its first physical store in Mexico

5 mins read

The FINANCIAL -- IKEA opened its first store in Mexico, in the east part of Mexico City, within the inner ring of the city as part of the Encuentro Oceania shopping center. The store has a surface with a total of 23,000 sqm distributed in 3 levels with 3 integrated shopping centre entrances and plans to receive 5,3 million visitors during the first full year.…

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IKEA opens its first physical store in Mexico

5 mins read

The FINANCIAL -- IKEA opened its first store in Mexico, in the east part of Mexico City, within the inner ring of the city as part of the Encuentro Oceania shopping center. The store has a surface with a total of 23,000 sqm distributed in 3 levels with 3 integrated shopping centre entrances and plans…

IKEA scaling up social entrepreneurship business – aims for 95,000 jobs by 2025

4 mins read

The FINANCIAL -- IKEA has been collaborating with social businesses since 2012, and currently, the initiative is generating work for more than 30,000 people. Handcrafted collections and products produced in collaborations with social businesses are sold in IKEA stores worldwide. Today, IKEA announces scaling up social entrepreneurship business with the ambition to reach 95,000 jobs by…

The IKEA menu of conceptualised meeting points expands

3 mins read

The FINANCIAL -- Inter IKEA Systems B.V., the owner of the IKEA Concept and worldwide IKEA franchisor, has added IKEA plan and order points to its menu of conceptualised customer meeting points. This means testing is complete and IKEA retailers can implement IKEA plan and order points in their markets.…

IKEA opens its first second-hand store

5 mins read

The FINANCIAL — IKEA takes a step forward in its journey to become a circular business by 2030, with the opening of its first world’s first second-hand store in Eskilstuna, Sweden. The store is located in the ReTuna Shopping Centre, where all products sold are reused or recycled. The new store that will be open…

IFC and FT announced winners of 2020 FT/IFC Transformational Business Awards

5 mins read

The FINANCIAL — The International Finance Corporation (IFC), a member of the World Bank Group and The Financial Times, have announced the winners of the 2020 FT/IFC Transformational Business Awards, a global programme that highlights ground-breaking, long-term private sector solutions to major development issues. This year’s programme marks 15 years of collaboration between the FT and IFC on…

SEX at IKEA

2 mins read

A Chinese porn star was caught on camera performing a solo sex act in Swedish furniture giant Ikea store’s bed display following which the company has stepped up security in and around its stores. According to the report, the incident took place in Ikea’s branch in the Tianhe district in Guangzhou, the capital city of…