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Jesper Brodin, Global CEO of Ingka Group emphasised India's significance due to its size, adding that Ikea's global vision aligns with the characteristics of the Indian market, aiming to serve a large population with substantial needs at affordable prices.
The furniture retailer has announced price cuts in Germany - IKEA's biggest market by sales - as well as Sweden and the UK
The price to ship a container from China to the Mediterranean surged 44 per cent in December. Read more at straitstimes.com.
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Homewares group hopes to get a boost from families staying home during the holiday season
Inter IKEA's annual profit more than doubled as cost pressures eased, allowing it to cut prices and predict more reductions in the months ahead.