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Keyword: furniture

Ikea announces further investments in Chinese market

Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (EUR 770 million [...]

Unprecedented period of change in European wooden furniture sector

The last two and half years, marked from the start of 2020 by the Covid-19 pandemic and from February [...]

IKEA plans to sell its four plants in Russia

The Swedish retailer IKEA plans to sell its plants in Russia.    The group said its retail [...]

Russian factories continue to produce IKEA’s furniture under their own brands

Once IKEA left Russia, the local furniture factories continued to produce IKEA’s furniture under their own brands.   [...]

Encouraging revival in Italian hardwood market

One of the more encouraging, not to say surprising, hardwood market trends in 2021 was a strong revival in demand [...]

COVID casts long shadow over the European furniture sector

For the European furniture sector, as in other industries, the COVID pandemic is casting a long shadow, with no certainty [...]

IKEA warns of imminent price increases

IKEA has warned of imminent price increases, as it revealed its financial results for FY21 (to 31st August 2021).  [...]

IKEA to shift more production to Turkey due to global supply chain problems

Swedish-based furniture retailer IKEA is planning to minimise problems with global supply chain and increased shipping costs by moving [...]

US furniture maker MCS wins lawsuit against shipper

American home furniture manufacturer and supplier MCS Industries has prevailed in federal court in its lawsuit against Cosco Shipping.  [...]