Company News
Catch ’em small, watch ’em growedit
For Urban Ladder, a close relationship with vendors is critical, given that it is in a largely unorganized segment like furniture. Quote by Kaustabh Chakraborty, senior vice-president, operations and supply chain, Urban Ladder.
Publication: Business Standard (Clip Attached)
Date: October 30, 2017
Competition and Industry News
Telangana new hub for investments: Jupallyedit
Addressing soon-to-be employees of multi-national company IKEA, he said: “The company would select 350 women, for employment from the State. These people would be given training for 45 days in the National Academy of Construction (NAC). The State has garnered recognition for its pace of work, when it comes to doing business.”
Publication: Telengana Today
Date: October 31, 2017
India’s Home Fashion Industry Welcomes IKEA for Better Market Positioningedit
Subodh Mehta, Head – Home Furniture Business, Godrej Interio, asserts, “IKEA is one of the first companies in India to get approval for setting up 100 percent FDI in single brand retail. We surely see IKEA entering the Indian market as an important event. It will have a big impact for every Indian player.” On the flip side, Mehta also points out that 85 percent of the home retail market is unorganized in India and hence “there is enough space for everyone to stretch by organizing the unorganized part”.
Publication: Franchise India
Date: October 30, 2017
How Well Do You Know IKEA Names?edit
A quiz published by a member of Buzzfeed UK staff that has pictures of popular IKEA products and four answer choices to choose from.
Publication: Buzzfeed UK
Date: October 30, 2017
350 women from T’gana to be employed by Ikeaedit
The Telangana government today said Swedish furniture maker Ikea is going to launch its first outlet in February next yea in India and 350 women from the state will be given employment by the company.
Publication: Business Standard
Date: October 30, 2017