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Executive Perspective: IKEA parent company Ingka Investments to continue buying farmland in New Zealand, where it sees great opportunity to further its forestation program; 'we're in the timber business and earn a return from selling wood,' manager says

Ikea India plans to source at least half of its products locally in the long term to combat rising inflation; news comes as company opens its fourth and largest Indian store in Bengaluru as part of goal to connect with country's burgeoning middle class

Fitch: Ikea's growing footprint in Mexico indicates growing consumer spending and demand in nation's retail market; Ikea poised to take advantage of this growth, use it to expand its offerings across Mexico and wider Latin American region over medium term

IKEA says it does not see possibility to resume sales in Russia in foreseeable future, plans to sell four factories, close two purchase and logistics offices, reduce its workforce of 27,500; company will continue paying workers until end of August

New Zealand’s Overseas Investment Office approves sale of four more farms to overseas investors for forestry planting; a 1,100-hectare sheep and beef farm in Waimumu is being sold to Ikea parent company Ingka Investments

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