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RECORD SALES FOR IKEA

SWEDISH furniture giant Ikea yesterday posted record sales of €21.5bn (£19.1bn) despite its slowest growth in more than a decade. Ikea’s new chief executive Mikael Ohlsson (pictured) said sales for the year to 31 August rose by 1.4 per cent, down from seven per cent growth in the previous year. Ohlsson’s predecessor Anders Dahlvig had to cut 5,000 jobs to cope with the drop in demand in the recession.