Ikea Foundation and Rockefeller Foundation pledge $1bn to renewable energy June 21, 2021 The Ikea Foundation and the Rockefeller Foundation have today pledged $1bn towards renewable energy and kick-starting a climate-conscious post-pandemic recovery. In a bid to tackle climate change and energy poverty, the foundations have set up a platform to cut carbon emissions by one billion tons. The platform, launching later this year, will let emerging economies [...]
Ikea shelves plan for a new Sussex store due to ‘changing shopping habits’ July 7, 2021 Ikea UK has said it’s scrapping planned development of a new store at the New Monks Farm site in Lancing, Sussex. The Swedish furniture giant had selected the site in 2016 and was granted planning permission in 2020 as part of a £170m regeneration plan. However, the flat-pack furniture seller has pulled the plug, owing [...]
Ikea France fined €1m for spying scheme and CEO found guilty June 15, 2021 A French court has ordered Ikea to pay a fine of €1m today after the retailer was found guilty of snooping on its staff and storing illegally obtained employee data. The furniture and home furnishing giant became the focus of a criminal probe in 2012, following reports of a widespread spying scheme that was used against employees. [...]
Amazon, Starbucks and Ikea among retailers demanding new laws against violence in shops July 4, 2021 A total 100 of the UK’s major retailers, including Aldi, Costa and Primark, have called upon the Prime Minister to help tackle escalating abuse and violence against retail workers. In a letter to Boris Johnson, the retailers asked him to support an amendment to the Police, Crime and Sentencing and Courts Bill that they believe [...]
Ikea France on trial over illegal spying on employees and customers March 22, 2021 Ikea’s French subsidiary and several of its former executives have gone on trial over accusations that they illegally spied on employees and customers. Trade unions reported the furniture and home goods company to French authorities in 2012, accusing it of collecting personal data by fraudulent means and the illicit disclosure of personal information. The unions [...]
Ikea launches scheme to buy back used furniture after pandemic delays May 5, 2021 Ikea has launched a service allowing customers to sell furniture back to the store after the planned start date was delayed due to the pandemic. The Swedish homewares giant said the buy back scheme will be available to UK customers from today. Customers will be able to sell furniture they no longer need back to [...]
Ikea and ITV invest in location tech startup what3words March 25, 2021 Ikea and ITV have both thrown their weight behind a startup that has divided the world into three-metre squares each with a unique three-word name to help pinpoint addresses. Ingka Group, the holding company behind the Swedish flat-pack giant, has pumped £12m into what3words, while ITV has taken a minority stake valued at £2m. What3words, [...]
Apple suffers setback in fight against EU’s £11.3bn tax order November 9, 2023 An EU tribunal made legal errors when it ruled in favour of Apple over a €13bn tax order, an adviser to Europe's top court has said.
Flat-pack jabs: New London vaccine hub assembled at former Ikea store January 24, 2021 A former Ikea store has been transformed into a Covid-19 vaccination centre amid a ramping up of jab facilities in the capital. Up to 25 new vaccination sites will start offering Covid jabs this week as the NHS accelerates the biggest immunisation programme in its history. A former Ikea store at the Westfield shopping centre [...]
The Power of Capitalism: The myth of Swedish socialism May 10, 2024 Sweden has long had a reputation as a successful 'socialist democracy' - but it's market reforms that have powered growth