Swedish furniture giant IKEA said on Monday it had sold its factory in the Russian city of Novgorod to local firm Invest Plus, more than a year after pausing its activities in Russia over the ...

The furniture brand has touted its plan for a sustainable future before. Now, ahead of the COP25 climate change conference, Ikea says it will spend €200 million improving raw material sourcing ...

IKEA has a unique business model involving over 220,000 co-workers and more than 800,000 people in the supply chain. How do you ensure the IKEA formula stays relevant in such a large and diverse ...

A case in point is IKEA's Concept Kitchen 2025, which went on display earlier this year in Milan. The designers incorporated a 40 percent increase in the cost of food into their prototypes, along ...

IKEA’s major sustainability strategy has ambitious targets to meet by 2030. Its three main pillars are healthy and sustainable living, circular and climate positive, and fair and equal.

Ikea aims to test the rental model in 30 markets next year, after making 39 billion euros ($44 billion) last year from its classic build-it-yourself model. Ikea is clearly seeking to leverage ...

A Lithuanian maker of IKEA furniture is looking to build its next factory here in the Triad. SBA Home plans to build a more than $70 million production facility in Mocksville.

The Novgorod factory was the largest of IKEA's former production units in Russia, Invest Plus said, able to produce more than 7 million cabinets and kitchen furniture units per year.

Ikea had received about $3.8 million in state and local incentives, and leased the factory's 94-acre site for $1 a year, with the right to buy the land for $1. It made the $1 purchase earlier this ...