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Peter Betzel

IKEA to open over 40 stores across different formats

Buoyed by the rapid growth of the retail sector, leading Swedish home furnishings retailer IKEA plans to increase its investments in the country. On the eve of the launch of the first India store here on Thursday, the company officials...

IKEA launches first India store in Hyderabad with a ‘low price’ strategy

IKEA, the world's leading Swedish home furnishing retailer will open the doors of its Hyderabad store, its first in India to customers at 10:00 a.m. on Thursday, August 09, 2018. This is a landmark moment for IKEA after it got...

IKEA pushes India launch date to August 9

IKEA has postponed the India launch by 20 days. Earlier it was scheduled to open on July 19. Now, the new date for launch is August 09. “IKEA Retail India decided to move the date as it needs some more...

IKEA introduces ‘Day Care Benefit’ for all co-workers in India

IKEA, the Swedish home furnishings company, has announced its day care benefit program for its coworkers at upcoming stores in India. The program was flagged off by Peter Betzel, CEO, IKEA India during an event to celebrate International Women's Day...

IKEA India appoints Peter Betzel new CEO

Swedish home furnishings company IKEA has announced the appointment of Peter Betzel as the new Chief Executive Officer for its India business. He takes over from the outgoing India CEO Juvencio Maeztu, who moves to a global role as the...

Founder of IKEA Ingvar Kamprad passes away

The founder of IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Småland, Sweden, on January 27. Surrounded by his loved ones, he died at...
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The Luxottica report card for 2022

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