JESPER BRODIN
In global battle for talent, Indians fast emerging as the top choice While several Indians have in the last few years taken up top positions globally, even mid-level execs, with their inherent knowledge of a challenging but high-potential market environment, are now getting chosen for operational roles as multination...
07 Mar, 2024, 12.40 AM ISTIndia ranks no. 1, 2, 3 in Ikea's priority market list for investment: Jesper Brodin, Global CEO, Ingka Group India is Ikea's top investment priority market due to its economic growth and development. The company plans to tap into the growing furniture market, expand its ecommerce services, and open more stores. Ikea is in dialogue with the Indian governmen...
28 Feb, 2024, 08.22 AM ISTDavos: IKEA prices to fall despite Red Sea disruptions, says CEO Jesper Brodin Global commerce has been affected by Houthi militants' attacks on ships in Yemen, leading to shipping disruptions and rerouting vessels around the southern tip of Africa, resulting in longer and costlier journeys.
15 Jan, 2024, 09.31 PM IST
'Challenging' year for Ikea, 10,000 layoffs in Russia The company, which halted retail operations in Russia in March after Moscow's invasion of Ukraine, has already "had to say goodbye" to around 10,000 of its 12,000 employees in Russia.
13 Oct, 2022, 05.10 PM ISTBommai inaugurates Ikea's store in Bengaluru, urges management to give more jobs to locals The Swedish multinational, the chief minister told the media, has decided to invest Rs 3000 crore over a period of time, and has assured him that three fourth of its employees will be local. He said he has requested Ikea management to hire locals, e...
22 Jun, 2022, 03.14 PM ISTEvery $ of investment in social jobs to generate 2.3x returns Investing in education, health and care jobs can yield a triple dividend -- boosting economic activity, expanding employment opportunities and generating social mobility, according to a new report published by the WEF on the last day of its Annual M...
26 May, 2022, 04.56 PM ISTIkea CEO Jesper Brodin invites Bommai for Bengaluru store launch next month Jesper Brodin, CEO of Ikea Group met the chief minister at Davos and invited him for the launch of the Bengaluru store that is coming up at Nagasandra on the Pune expressway. The two discussed promoting local sourcing and manufacturing to add jobs a...
25 May, 2022, 10.32 PM ISTIKEA warns supply chain disruptions likely to last into 2022 The company, which had earlier reported record annual sales as locked-down consumers spent more than ever on their homes, is also reducing the number of versions of some products as it struggles with raw materials shortages to ensure its most popula...
15 Oct, 2021, 12.07 PM ISTEuropean politicians, CEOs, lawmakers urge green coronavirus recovery European politicians, CEOs, lawmakers and activists called on Tuesday for green investment to restart growth after the coronavirus pandemic, saying fighting climate change and promoting biodiversity would rebuild stronger economies.
14 Apr, 2020, 12.23 PM ISTIkea bets on small stores to go digital “This is for the first time that we are experimenting with smaller format stores,” said Peter Betzel, CEO for Ikea India.
22 Nov, 2018, 07.05 AM ISTIKEA Group plans to cut 7,500 administrative jobs At the same time, the group, which owns 367 IKEA stores, estimates it will create 11,500 new jobs in the period as it expands with new store formats and online.
21 Nov, 2018, 07.45 PM ISTIndia a long-term investment for us, says IKEA global CEO Jesper Brodin IKEA CEO's take is different from foreign retailers who are wary about govt’s latest draft ecomm policy.
09 Aug, 2018, 02.27 PM ISTIKEA to open 1st Indian store in Hyderabad on August 9 IKEARetail India had earlier said it decided to move the date to August 9 from July 19 as it needs some more time to live up to its expected quality commitments towards customers and co-workers.
05 Aug, 2018, 03.23 PM ISTIKEA postpones launch of first India store “IKEA Retail India decided to move the date as it needs some more time to live up to its expected quality commitments towards customers and coworkers,” said Peter Betzel, CEO, IKEA Retail India.
14 Jul, 2018, 07.10 AM ISTIngvar Kamprad, Ikea’s Swedish billionaire founder, dies at 91 Founding Ikea in 1943, Kamprad then started marketing pens, wallets and nylon stockings in the local media, and distributed them using a milk van. He began selling furniture in 1948.
28 Jan, 2018, 06.16 PM ISTSpotlight on PM Narendra Modi as Global Inc waits for his India pitch Modi's business & investment pitch will be largely in bilateral meetings & dinner, while his keynote address will be mostly on creating a shared future.
22 Jan, 2018, 11.17 AM ISTThe story of how Ikea was assembled in India Ikea’s first store in Hyderabad is a few months away. Land has been bought in Gurgaon, Bengaluru and Mumbai but retail stores will not come up before 2019.
17 Dec, 2017, 03.39 PM ISTIKEA group appoints Jesper Brodin new CEO Brodin will take over the helm of a furniture and retail empire with 348 stores, 45 shopping centers and 140,000 employees in 28 countries.
25 May, 2017, 01.45 AM ISTIkea betting on new markets; will open stores in India next year Ikea will debut in India next year, with one store each in Hyderabad and Maharashtra: Ikea’s larger roll-out plan includes setting up 25 stores in the country by 2025.
27 Apr, 2017, 12.07 AM ISTIkea to double India sourcing by 2020 MD Jesper Brodin told ETat the co’s headquarters that Ikea is a production-based retailer, implying its commitment to local sourcing – a pre-requisite for operating in India.
24 Apr, 2017, 01.14 AM IST