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Recent Articles

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Ikea plans to spend €3B by end of 2023 on new, existing stores as it repurposes out-of-town outlets into e-commerce distribution centers; company will also spend €1.3B on stores in London, which will act as test market for new store formats, logistics
Published: May 09, 2022 by Proactive Investors
Steelcase to acquire Halcon, Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace, for US$127.5M; Halcon is an award-winning leader in custom wood and executive-level tables, credenzas, desks
Published: May 06, 2022 by Globe Newswire
IKEA to close north London store later this year, impacting 450 workers; company says closure comes after extensive assessment of presence in London in line with changing shopping behaviors, noting almost half of sales were made online last year
Published: April 01, 2022 by Reuters
New York office furniture startup Branch partners with Arbor Day Foundation to plant trees in US, Canada; it is also exploring how to bring responsibly sourced materials, recycling, buy-back programs into business model to decrease environmental impact
Published: March 07, 2022 by PRWeb
IKEA closes stores in Russia, pauses all sourcing in the country and ally Belarus amid Ukraine invasion; IKEA now expects to raise prices by average of 12% this year, up from 9% flagged previously amid rising raw material costs, supply chain disruptions
Published: March 03, 2022 by Reuters

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