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CEO of biggest IKEA retailer steps down

The world's biggest retailer of IKEA furniture said today that CEO Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group.

Business • 13 Aug

Jesper Brodin, the CEO of Ingka Group, is attending the WEF at Davos

Davos - IKEA franchisee says tariffs could push up prices

For budget furniture retailer IKEA, the fewer trade tariffs there are the better, the CEO of Ingka Group - the biggest global IKEA franchisee - told Reuters today as businesses braced for higher possible US tariffs under President Donald Trump.

Business • 20 Jan

IKEA's Ballymun store in Dublin (Pic: RollingNews.ie)

IKEA retailer to invest $1 billion in recycling firms

The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest €1 billion into recycling companies as it aims to better manage the waste created when IKEA furniture, bedding or mattresses are thrown away and end up incinerated or in landfill.

Business • 15 Jan

IKEA's profit rises despite revenue hit from price cuts

Inter IKEA, the owner of the world's biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like BILLY bookcases.

Business • 08 Nov 24

IKEA's store in Ballymun in Dublin (Pic: RollingNews.ie)

IKEA sales fall 5% on price cuts amid weak housing market

IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a recovery next year.

Business • 10 Oct 24

The company's flagship store in Ballymun in Dublin welcomed its 40 millionth visitor last year

Profits at Irish arm of IKEA up 82% to €23.5m last year

The Irish arm of Swedish furnishing giant, IKEA is eyeing further expansion here as pre-tax profits last year increased by 82% to €23.49m.

Business • 01 Jul 24

IKEA's flagship store is in Ballymun in Dublin

IKEA's sixth plan and order point opens in Sligo

IKEA is opening its latest plan and order point, which is located in Sligo, today.

Business • 19 Apr 24

IKEA's distribution centre in Rathcoole, Dublin is twice the size of Croke Park
Credit: IKEA Ireland, Robbie Reynolds

IKEA opens first distribution centre in Ireland

IKEA Ireland is opening its first ever logistics facility in Ireland today.

Business • 17 Apr 24

The retailer already has four Plan and Order points here including this one in St Stephen's Green in Dublin

IKEA to open Carlow 'Plan and Order' point

IKEA has confirmed that it will open a new Plan and Order points here in Carlow.

Business • 07 Feb 24

Jesper Brodin, CEO of Ingka Group, which owns most IKEA stores around the world

IKEA prices to fall despite Red Sea disruptions - CEO

Budget furniture retailer IKEA is sticking to planned price cuts despite Red Sea shipping disruptions pushing up costs, it said today ahead of the World Economic Forum's annual meeting at Davos.

Business • 15 Jan 24

Ingka Group is the owner of most IKEA stores (Pic: RollingNews.ie)

IKEA stores owner confident price cuts will help sales

Ingka Group, the owner of most IKEA stores, said today it was confident further price cuts would help drive sales volumes in the year to come, after reporting largely flat operating profit for the last financial year.

Business • 29 Nov 23

Ingka Investments will take a 20% stake in the offshore wind project portfolio of Source Galileo

Ingka Investments invests in offshore wind projects

Dublin and London-based European renewable energy company Source Galileo said Ingka Investments, the investment arm of Ingka Group - the largest IKEA retailer - has invested in its portfolio of offshore wind projects in Ireland and the UK.

Business • 17 Oct 23

Gazprombank Group has bought IKEA owner Ingka Group's 14 MEGA shopping centres in Russia for an disclosed sum

Gazprombank buys IKEA owner's Russian shopping centres

Gazprombank Group said today it had bought IKEA owner Ingka Group's 14 MEGA shopping centres in Russia.

Business • 28 Sep 23

Ikea's Colombia store, to be opened today in the capital Bogota, will be the first in the country

IKEA to open first Colombia store

Swedish furniture maker IKEA is today opening its biggest South American store in Colombia, as part of an international expansion plan which includes growth in Peru and Chile with an investment worth $600m.

Business • 28 Sep 23

The first three new sites will be launching in Tesco Newcastle West in Limerick , Tesco Ballinasloe in Galway and Youghal in Cork on August 4

IKEA's six new mobile pick-up points with Tesco Ireland

IKEA has announced a new agreement with Tesco Ireland which will see the launch of six new mobile pick-up points around the country.

Business • 03 Aug 23

Asked if the increased use of AI was likely to lead to a reduction in headcount at the company, Biesert said: "That's not what we're seeing right now."

IKEA to hand more customer queries to AI bot Billie

IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie.

Business • 13 Jun 23

IKEA recently announced a number of new plan and order points

IKEA to trial order collections in some Tesco car parks

IKEA customers will be able to collect their orders from some Tesco car parks as part of a six-month long pilot involving the two companies.

Business • 15 May 23

Ikea has hinted at the possibility of opening a second full size store here

Ikea opens new plan and order outlet in Cork

Ikea has today opened its latest plan and order outlet in Cork.

Business • 17 Apr 23

The distribution centre is the first one to be owned by Ikea's parent group itself

Ikea to create 120 jobs at new Dublin distribution hub

Ikea is to open a new customer distribution centre in Dublin, creating 120 new jobs.

Business • 30 Mar 23

IKEA is planning to open another two such outlets and a distribution centre this year

IKEA opens new Plan & Order point in Drogheda

IKEA is today opening a new smaller outlet in Co Louth where customers can plan kitchens and bedrooms and order what they need.

Business • 30 Mar 23

The Swedish furniture giant continues to negotiate its exit from Russia

Deal on IKEA's Russia sale could be reached 'in days'

An agreement over the sale of IKEA's factories in Russia could be reached by the end of this year, Russia's industry minister said today, as the Swedish furniture giant seeks to negotiate its exit from the country.

Business • 28 Dec 22

IKEA is enhancing its existing benefits package for its workforce in Ireland

IKEA announces pay hike and cost of living supports

IKEA has announced a pay increase and well-being support package for its Irish staff to support them during the cost of living crisis.

Business • 28 Nov 22

The world's biggest furniture retailer said operating profit in the 12 months to August reached €2.04 billion

IKEA stores owner Ingka's annual operating profit up 9%

Ingka Group, the owner of most IKEA stores, has today reported a 9% rise in annual operating profit, as price increases helped it offset higher input costs as well as compensate for costs incurred to wind down in Russia.

Business • 25 Nov 22

The employer of around 170,000 across 31 markets said it would double staff discounts to 30% in its store-in-store food markets

IKEA offers cash, larger discounts to help staff

IKEA retailer Ingka Group is launching a 10 million euro social fund and bigger staff discounts to support employees struggling to cope with higher living costs.

Business • 10 Nov 22

The group said in a statement sales grew in most of its markets and availability of products improved overall.

IKEA reports record sales amid price hikes

Budget furniture giant IKEA reported record high annual sales as price hikes and easing effects from the pandemic made up for supply shortages, weakening consumer confidence and its exit from Russia.

Business • 13 Oct 22