Swedish IKEA is planning an investment of 1.41 billion USD in the Chinese market, the company announced at a press briefing in Beijing on 22 August 2019 according to Yicai Global. The investment is the largest annual investment budget of IKEA in China in the history of the company and it is even expected to…
Swedish IKEA has announced a new partnership with Chinese Xiaomi. IKEA has teamed up with the Chinese home technology brand Xiaomi in order to make IKEA Smart Lighting available in China, according to IKEA. IKEA Smart Lighting is a system that makes it possible for users to change the mood of the light. As an…
After 20 years, IKEA and Swedish University of Agricultural Sciences have replanted three million rainforest trees in Luasong, Malaysia, to restore 18,000 hectares of severely degraded rainforest. Ulf Johansson, Global Wood Supply and Forestry Manager, Ikea, said the 20-year project was successful with the replantation and enrichment of the area completed, according to The Borneo…
Swedish furniture giant IKEA has on 21 November announced they will cut 7500 jobs worldwide in a shift toward smaller stores and more online shopping. Even though 7500 employees will lose their job, the new shift will in the coming two years create 11,500 new jobs globally, according to IKEA. That will happen by opening…
Swedish furniture company IKEA has announced the opening of the first IKEA store in the Philippines in 2020. The new store in the Philippines will be the biggest IKEA store in the world, according to the Embassy of Sweden in Manila. Swedish Ambassador Harald Fries joined IKEA Southest Asia Managing Director Christian Rojkjaer and IKEA…
SwedCham’s Sustainability Committee has initiated a new campaign to aid Singapore’s transformation to become a more environmentally sustainable society. First event of the campaign will take place on 1-2 September at IKEA. The new campaign #tripleRhero will create a movement to improve waste management in Singapore and to promote initiatives related to the three R’s;…
The first noteworthy thing when arriving for the latest visit to Penang was to find only one plane parked at the gates at the airport – nearly unheard of these days at any airport of this size! But, actually, Penang International Airport has capacity to welcome more airlines and flights. And the visitor numbers, based…
As Penang develops and its economy keeps on growing, Nordic business solutions and brands can meet certain needs, use it for production and cater to consumer demand (such as in the example of H&M and Ikea) The presence in the State of Penang of brands and businesses from the Nordics is being significantly strengthened. Not…
The Embassy of Sweden in Manila, together with Business Sweden and the Philippine Retailers Association (PRA), organized a seminar entitled ‘How to Increase Retail Productivity through Innovation‘ in August, reports the Swedish Embassy there. In recent years, the digitalization of the retail industry has created new ways of shopping online, with infinite product offerings being…
There has long been talk about an IKEA opening in the Philippines. At a roundtable media meeting, Harald Fries, Ambassador of Sweden to the Philippines, apparently confirmed that an IKEA would be coming to the Philippines soon. The opening of an IKEA would imply major investments and recruitment of manpower. “There would be great opportunities…
