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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 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

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

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

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 new 150 homes will be effectively leased to the local authority on a long-term basis

Ingka to invest €100m in Dublin Social Housing Projects

Ingka Investments has committed €100m of financing as part of an initiative for the construction of social housing units across the greater Dublin region.

Business • 03 Oct 22

IKEA has said it will continue to pay its nearly 15,000 staff in Russia until the end of August

IKEA reopens for online fire sale in Russia before exit

IKEA will open for business for a final time in Russia today, with customers permitted to buy goods in an online-only fire sale before the Swedish furniture company winds down its operations in a market to which it hopes one day to return.

Business • 05 Jul 22

IKEA stores owner to pay Russian staff until August

IKEA stores owner Ingka Group has extended the period it will pay around 12,000 staff in Russia by three months, up until August, and may continue to pay workers beyond that, its retail manager said in an interview.

Business • 09 May 22

Ingka Group is the owner of most IKEA stores around the world

Main IKEA retailer's profits jump despite challenges

Ingka Group, the owner of most IKEA stores world-wide, has reported a jump in annual profit on the back of record demand for home furnishing as people stay at home more due to the pandemic.

Business • 30 Nov 21

Ikea said the bonuses would be paid to employees across all markets and would vary depending on salaries

Ikea pays out €110m in Covid bonuses

Ikea will pay a total of €110m in bonuses to employees worldwide as reward for their work during the pandemic, Ingka Group, the company that operates most Ikea's stores, said today.

Business • 29 Oct 21

IKEA announces €200m investment in green initiatives

IKEA to invest €200m in race to turn 'climate positive'

IKEA, the world's biggest furniture group, said today it would spend around €100m on supporting its direct suppliers in moving over to renewable energy.

Business • 27 Nov 19

IKEA is investing heavily in adapting to new shopping habits and online competition

IKEA's annual online sales surge 43%

IKEA reported annual sales above €40 billion for the first time today as the Swedish furniture group's push into e-commerce produced another surge in online revenue.

Business • 25 Sep 19

Ikea is the world's biggest furniture group and the Ingka Group owns most of its retail operations

Main IKEA retailer expects to pass renewable energy aim

Ingka Group, which owns most IKEA stores, will by year's end exceed its 2020 target to produce as much renewable energy as the energy it consumes, Ingka chief executive Jesper Brodin has said.

Business • 20 Sep 19

IKEA is in the middle of transforming its business model, investing in e-commerce, services and more accessible city-centre store formats

IKEA Group's full-year profit falls 26%

IKEA Group today reported a 26% drop in operating profit for its fiscal year to August and said increased investments to meet rapidly changing shopping habits weighed on results.

Business • 28 Nov 18

Ingka Group