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Inter IKEA Systems B.V., [ 6][ 7] trading as IKEA ( / aɪˈkiːə / eye-KEE-ə, Swedish: [ɪˈkêːa] ), is a Swedish multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad and currently legally ...
First IKEA store in Slovenia was opened on February 25, 2021, next to BTC shopping city in Ljubljana. [121] 59 Philippines 2021 Pasay: 1 The first IKEA store in the Philippines was opened on November 25, 2021. It is the largest IKEA store in the world; occupying 65,000 m 2 (700,000 sq ft). The store is located at the SM Mall of Asia complex. [122]
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.
IKEA also closed its urban small store in New York last December due to low foot fall, but has opened similar locations in London’s Hammersmith area as well as in downtown San Francisco.
Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [1] [2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [3] [4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [5] [6]
Pepperfry Limited, formerly known as Pepperfry, is an Indian online marketplace for furniture and home décor. [ 3] The company was founded in July 2011 by Ambareesh Murty and Ashish Shah, and is headquartered in Mumbai. [ 4] As of 2023, Pepperfry has 43 company-owned studios and 142 studios operating under its franchise model.
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