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Wed, Jan 21, 2026

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Fashion Brand & Retail News

1. IKEA to triple India presence with Rs 20,000 crore investment by 2030: (Apparel); 20 January 2026, Mumbai Sweden’s home furnishing major, IKEA plans to invest over Rs 20,000 crore ($2.2 billion) in India over the next five years. This capital infusion is designed to scale its physical ...; Created on 21 January 2026
2. IKEA India opens new store in Delhi: (Apparel); 18 August 2025, Mumbai Swedish home decor and furniture giant IKEA has opened a new 15,000 sq ft city store in a mall in West Delhi and plans to open similar small-format stores in other prime locations ...; Created on 18 August 2025
3. IKEA India names Patrik Antoni as new CEO: (Apparel); 23 July, Mumbai 2025 IKEA India has named Patrik Antoni as its new Chief Executive Officer, effective August 2025. This strategic leadership change comes as the Swedish home furnishings giant gears up ...; Created on 23 July 2025
4. IKEA to boost sourcing from India to 50% of global supply: Trade Minister, Sweden: (Apparel); 12 June, Mumbai 2025 Global home decor and furniture giant IKEA plans to increase its sourcing from India Yash Sarawagi, Founder and CEO. Yash Sarawagi, Founder and CEO to 50 per cent of its global supply, ...; Created on 12 June 2025
5. Ikea to increase sourcing from India to 50% by 2030: (Apparel); 20 May, Mumbai 2025 Swedish home decor and furniture giant Ikea plans to significantly increase its sourcing from India, aiming to reach 50 per cent by 2030 from the current 30 per cent. This expansion ...; Created on 20 May 2025
6. Ikea launches compact-format stores for urban neighborhoods and smaller cities: (Brands-To-Retail); Marking a significant shift in the brand’s growth journey in India, Swedish home-furnishing giant Ikea is launching compact-format stores designed for urban neighborhoods and smaller cities. The company ...; Created on 01 May 2025
7. Ikea devises plan to achieve operational profitability in India: (Apparel); 12 February 2025, Mumbai Ikea India has devised a clear plan to achieve operational profitability in the domestic market within the next few years. According to Sussane Pulvever, Chief Sustainability ...; Created on 12 February 2025
8. IKEA's multifaceted India approach includes setting up Lykli or ‘meeting places: (Apparel); From furniture giant to community hub, IKEA is reimagining the retail landscape in India with its ‘Lykli’ brand, signalling a significant shift in the company's strategy and investment approach. The Swedish ...; Created on 11 October 2024
9. Ikea India to restrict upcoming store sizes to 30,000 sq ft-70,000 sqft: (Apparel); 18 September 2024, Mumbai As a part of the second phase of its brick –and- mortar expansion in India, global homeware and lifestyle retailer Ikea India plans to limit the size of its upcoming stores ...; Created on 18 September 2024
10. IKEA Revamps India Strategy: Smaller stores, bigger reach: (Apparel); 12 July 2024, Mumbai IKEA, the Swedish furniture giant, is shifting gears in India. After establishing a foothold with large format stores in major metros, the company is now setting its sights on a ...; Created on 12 July 2024
11. Ikea to introduce scaled-down store concept in India: (Apparel); 08 July 2024, Mumbai Diverting from its previous plans to set up larger outlets in the Delhi NCR region, Ikea aims to introduce a scaled-down store concept in India. These stores will spread across 25,000 ...; Created on 08 July 2024
12. India, a prominent market for Ikea for future investments: Jesper Brodin, CEO: (Retail); India holds a prominent place in Ikea's investment strategy, says Jesper Brodin, Global CEO, Ingka Group. expressing admiration for the country's rapid development in both digital and physical infrastructure. ...; Created on 28 February 2024
13. IKEA India targets kidswear for growth: (Retail); Recognising the importance of young consumers both globally and in India, IKEA India plans to focus on the kidswear category to drive growth in India. The retailer has seen consistent growth in this segment, ...; Created on 09 February 2024
14. IKEA to initiate fresh investment round in India: (Retail); Soon after completing its initial investment of Rs 10,500 crore, Swedish furniture giant, IKEA plans to initiate a fresh round of investment in India. The company plans to expand its presence, increase ...; Created on 05 February 2024
15. Ikea to expand in Uttar Pradesh: (Retail); 28 December 2022, Mumbai Ikea plans to invest approximately Rs 4,000 crores on operations in Uttar Pradesh. Uttar Pradesh is the most populated state in India and has over 200 million inhabitants. ...; Created on 28 December 2022
16. Ikea plans stores in Uttar Pradesh: (Retail); 16 December 2022, Mumbai Ikea plans retail stores and luxury malls in Uttar Pradesh. Based in Sweden, Ikea is known for its affordable and wide range of well-designed, functional home furnishing products ...; Created on 16 December 2022
17. Walmart & Ikea feel India is good despite losses: (Lifestyle); 31 October 2022, Mumbai: Walmart and Ikea face losses in India despite a surge in sales. Walmart India – which owns and operates 28 cash and carry wholesale stores – posted a six percent jump in revenue ...; Created on 31 October 2022
18. Ikea India sales up: (Retail); 29 October 2022, Mumbai: Ikea India sales went up by 77 percent in fiscal 2022. Total income went up by 73 percent. Total operating expenditure, excluding interest, depreciation, and amortization, was ...; Created on 29 October 2022
19. IKEA India to increase local sourcing: (Retail); 29 July 2022, Mumbai: IKEA India plans to increase local sourcing and cut product prices to attract consumers amid rising prices. SussanePulverer, CEO, IKEA India has increased the prices of some of ...; Created on 29 July 2022
20. Ikea appoints Murali Iyer as new CFO for India business: (Lifestyle); 09 July 2022, Mumbai: A part of the Ingka Group, Swedish home furnishing retailer Ikea has appointed MuraliIyer as its new chief financial officer (CFO) for its India business. Iyer will replace Preet ...; Created on 09 July 2022