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India: 2018 Hyderabad: 5 IKEA opened first store in India with 37,000 m 2 (400,000 sq ft) in Hyderabad on 9 August 2018. [106] IKEA opened its second store in Navi Mumbai on 18 December 2020, [107] and its third outlet and first smaller format "city-store" in Worli, Mumbai on 9 December 2021. [108] IKEA plans to have 30 stores by 2028.
In August 2018, IKEA opened its first store in India, in Hyderabad. [33] [34] There are now stores in Bengaluru and Mumbai. [35] In November 2021, IKEA opened its largest store in the world, measuring 65,000 square metres (700,000 sq ft), [36] in the Philippines at the Mall of Asia Complex in Pasay City. [37] [38] [39]
He claimed that IKEA's decision reflects India's requirements that single-brand retailers such as IKEA source 30 percent of their goods from local small and medium-sized companies. This was an obstacle to IKEA's investment in India, and that it will take IKEA some time to source goods and develop reliable supply chains inside India.
The group's Ingka Centres division has developed several shopping centres in which IKEA is the anchor tenant, including the MEGA malls in Russia. Beginning in 2020, the division has acquired existing complexes which will be renovated to include urban IKEA locations, including Kings Mall in London, 6x6 in San Francisco, and the retail podium of the Aura condominium towers in Toronto.
The same year, the IKEA Foundation partnered with Enviu and the Circular Apparel Innovation Factory to reduce textile waste in India. [12] Also in 2021, the Foundation cofounded the Global Methane Hub, which garnered more than € 253.66 million that year in commitments to reduce agricultural methane production. [13]
Nagasandra is a elevated metro station on the North-South corridor of the Green Line of Namma Metro serving the Bagalakunte area in Bengaluru, India. It was opened to the public on 1 May 2015. [1] A foot overbridge connecting Nagasandra metro station to IKEA store was inaugurated on 18 October 2023. [2] [3]
Inter IKEA Systems B.V. is a holding company fully owned by Inter IKEA Holding and thus Interogo Foundation. It is the company that legally owns all of the IKEA brand's intellectual property (logo, word, trademarks, etc.). [14] Inter IKEA Systems is the IKEA franchisor. The company releases guides and manuals of various parts of the IKEA brand.
Exterior of IKEA store in Kuopio, Finland Interior of IKEA store in Hong Kong. A furniture retailer, furniture store or furniture shop is a retail businesses that sells furniture and related accessories.