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furniture

24 posts

Italian wood sector faces challenges in 2023

The variations reported by Istat in revenue (-14.9%) and production (-13.9%) in…

Major German furniture producer ceases production

Maja Mobelwerk, a prominent German ready-to-assemble (RTA) furniture manufacturer headquartered in Wittichenau,…

Bergs Timber enters furniture business with new acquisition

Bergs Timber AB acquired all shares in Hedlunda Holding AB. Hedlunda is a…

IKEA retail announces biggest ever investment in US

Ikea is investing more than $2 billion in the U.S. for growth…

Invest Plus became the owner of Russia’s largest IKEA asset

Invest Plus LLC has completed a deal to purchase Russia’s largest production…

Sale of IKEA Russian factories in Russia receives approval

On February 15, the Russian government commission approved a deal to sell…

Välinge’s parent company acquires Croatian furniture maker

Pervanovo, the parent company of Bjelin industries in Croatia and Välinge Group…

Välinge’s parent company acquires Croatian furniture maker

Pervanovo, the parent company of Bjelin industries in Croatia and Välinge Group…

IKEA’s FY sales jump as it starts to lower prices

Ikea’s global sales increased 5.6% to €39.5 billion in its 2022 financial…

Ikea announces further investments in Chinese market

Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (EUR 770 million) in China in the fiscal year 2023, the company said in a press conference. The investment will be used for further … Continue reading → The post Ikea announces further investments in Chinese market appeared first on Timber Industry News.