Ingka Group, the powerhouse behind IKEA’s global retail network, has officially completed its full acquisition of Ikano Bank AB (publ). The landmark deal follows critical approvals from major regulatory authorities, including the Swedish Financial Supervisory Authority (Finansinspektionen) and the European Commission. This strategic move solidifies Ingka Group’s control over Ikano Bank, setting the stage for […]
In a powerful strategic move, Pidilite Ventures Pvt. Ltd., a wholly owned subsidiary of Pidilite Industries Limited, has invested a staggering INR 50 million in the booming home improvement and maintenance services platform, Wify (Installco Wify Technology Private Limited). This pre-Series A round of investment was spearheaded by Capria and Mount Judi Ventures, alongside participation […]
Swedish furniture giant IKEA through its subsidiary IKEA Canada has announced a CAD 400 million investment to ramp up its fulfillment capacities in the Greater Vancouver and Toronto Areas. The plan underscores IKEA’s commitment to enhancing the Canadian customer shopping experience, in line with their evolving purchasing habits, and its promise to support a better […]
Ingka Group, the owner of IKEA stores, is foraying into consumer banking, by acquiring a stake of 49% in Sweden-based Ikano Bank from Ikano for an undisclosed price. As per the terms, Ingka Group will have the option to buy the remaining stake at a later date. Ingka Group is carrying out the deal through […]
IKEA Norfolk opening : Swedish home furnishings retailer IKEA is all set to open its 50th store in the US on 10 April at Norfolk in Virginia. The home furnishings retailer broke ground on what is its second store in Virginia in November 2017. The new IKEA store in Norfolk is located centrally within the […]
IKEA OAK creek opening date : Home furnishings retailer IKEA will open a new store in Oak Creek on 16 May, which will be the first store of the Swedish company in the US state of Wisconsin. As per the latest updates on IKEA new store openings 2018, the IKEA Oak Creek store for the […]
IKEA news 2018 : Home furnishing retail chain IKEA has taken an additional warehouse space in Staten Island, New York State to serve as the IKEA fulfillment center. IKEA Fulfillment Center in Staten Island, NY The new IKEA fulfillment center is expected to complement the home furnishings retailer’s seven other regional distribution centers that are […]
Retail industry news : Home furnishings retailer IKEA has revealed its plans to open its second furniture store in Atlanta, Georgia for which it has selected a location in Marietta. The furniture store retailer is yet to work out on the construction schedule and opening of the new home furnishings shop in Atlanta. IKEA though […]
