OPPapers.com

Ikea International

| |
|SOURCE: WIKIPEDIA |
|[pic] |
|Type |Private |
|Genre |Retail (Specialty) |
|Founded |Älmhult, Småland, Sweden (1943) |
|Founder(s) |Ingvar Kamprad |
|Headquarters |Delft, South Holland, The Netherlands |
|Area served |Global |
|Key people |Anders Dahlvig (President), Hans Gydell (President Inter |
| |IKEA Group) |
|Products |Self-assembly furniture |
|Revenue |22,498 million Euro (2008)[1] |
|Employees |123,000 (2009) |
|Website |www.IKEA.com |

Source: www.thelocal.se

Ikea dismantles plans for stores in India

Published: 11 Jun 09 12:59 CET
Online: http://www.thelocal.se/20014/20090611/
Dictionary tool Double click on a word to get a translation
Swedish furniture retailer Ikea has scuttled plans to open stores in India due to regulations preventing foreigners from owning single brand retailers, the company announced on Thursday.
• Demand slump fails to dent Ikea's earnings (17 Sep 09)
• Billy bookshelf does battle with Big Mac Index (10 Sep 09)
• Ikea wins naming battle with used furniture site (9 Sep 09)
Ikea spokeswoman Charlotte Lindgren said a rule preventing stores being 100 percent foreign owned was the reason behind the move.

"We have been having problems with the...