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IKEA
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IKEA: A Global Furniture Giant IKEA, a Swedish multinational conglomerate, has dominated the global furniture retail market since 2008. Founded in 1943 by Ingvar Kamprad, the brand name is an acronym derived from his initials and his hometown. Known for its modernist designs and affordable prices, I...
Image Source : Wikipedia
- Company type Private
- Industry Retail
- Founded 28 July 1943
- Founders Ingvar Kamprad
- Headquarters Delft, Netherlands, (Inter IKEA Systems B.V.), Leiden, Netherlands, (INGKA Holding B.V.)
- Area served Worldwide
- Revenue €45.1 billion (2024)
- Website www.about.ikea.com, ingka.com, ikea.com (retail)
Related Other Pages:
- Reliance Industries, V-Guard Industries and Tata Group
IKEA history
Last Updated : 23/03/25, 09:46 AM
IKEA: A Global Retail Giant's Journey Founded in 1943 by Ingvar Kamprad, IKEA initially operated as a mail-order furniture business. Its first physical store opened in Älmhult, Sweden in 1958. The name, an acronym for Ingvar Kamprad Elmtaryd Agunnaryd, reflects the founder's name and his childh...
IKEA NEWS
Close to home: The world of IKEA
January 10, 2016 1:00 am
Ahead of its entry into the Indian market in 2017, IKEA is conducting test runs in three cities to find out how Indians live.
IKEA to foray in Uttar Pradesh, signs MoU to set up stores in the state
September 26, 2015 2:13 am
The MoU was signed between CEO of IKEA India Juvencio Maeztu and principal secretary, infrastructure and industrial development, Mahesh Kumar Gupta in the presence of Uttar Pradesh chief minister Akhilesh Yadav.
Ikea eyes retail store in Hyderabad, buys land
July 11, 2015 1:06 am
The Ikea group is the first major single brand retailer to get FDI approval in India and plans to open several stores in Delhi NCR, Hyderabad, Karnataka and Maharashtra.
IKEA Foundation earmarks 25 million euros for India this year
March 18, 2015 7:21 pm
IKEA foundation is allocating 25 million euros in India to enhance woman empowerment and prevent child labor.
Ikea,Oriflame,other Swedish companies flag growing concerns about India
November 16, 2013 3:02 am
40% of 157 companies operating in India feel 'current Indian business climate is non-favourable'.
Greater Noida likely to see Indias first IKEA outlet
October 24, 2013 3:35 am
Swedish furniture retailer Ikea has begun discussing with the Uttar Pradesh government plans to open its first outlet in the country.
Ikea scouts for right location for stores
October 15, 2013 1:12 am
The most important priority is to find the right location for our stores at the right price in major cities.
Multi-brand retail: Franchising to be hurt by FDI norms in India,says KPMG
July 08, 2013 5:56 pm
The KPMG report highlighted changing landscape in retail industry.
Ikea founder Ingvar Kamprad steps down as son becomes chairman
June 05, 2013 5:10 pm
Ikea founder Ingvar Kamprad is stepping down from the board of Inter Ikea,owner of the furniture giant's concept and brand,as his youngest son becomes chairman,the company said today.
Honda,Hennes & Mauritz approach Indian govt for opening single brand retail stores
May 16, 2013 3:30 pm
Honda proposes to sell products like motor cycles,spare parts and accessories in their stores.
