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Home » Topics » Dagens Industri

Ikea founder surprised at group’s ‘too ambitious’ expansion plans

An Ikea store in Dresden, eastern Germany, pictured in 2011. Swedish furniture giant Ikea has announced plans to build a brand-new district with shops, flats and office space for thousands of people in the northern German city of Hamburg. (AFP Photo/Marko Foerster)

The founder of Swedish furniture giant Ikea, Ingvar Kamprad, on Thursday told a newspaper that he was surprised by the group’s expansion plans, which he said were too ambitious. “I spoke to my secretary who told me about what was written in Dagens Industri, that we’ve had a record profit…

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IKEA surges forward with store openings despite global economic turmoil

An Ikea store in Dresden, eastern Germany, pictured in 2011. Swedish furniture giant Ikea has announced plans to build a brand-new district with shops, flats and office space for thousands of people in the northern German city of Hamburg. (AFP Photo/Marko Foerster)

Swedish furniture giant Ikea has robust finances despite the economic crisis and will more than double the pace of its new store openings, company officials told a Swedish newspaper on Tuesday. “Thanks to our very strong finances, we have the possibility to invest the significant sums that are needed, even…

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