Furniture
Ikea has been fined one million euros in France for setting up an espionage system to collect private information on its own staff.
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A public rooftop garden, 250 trees, 1,450 sq m of solar panels and parking spaces for over 760 bicycles: these are the most striking features of the new, innovative Ikea city store opening in 2023 in the centre of Copenhagen.
Danish online furniture brand Sofacompany has a new owner: it is now part of Lars Larsen Group, which also owns Jysk and Bolia. The company continues to sail its own course, however.
Beter Bed Holding is selling its Swedish activities, known under the name Sängjätten, to the Lars Larsen Group, which also owns Jysk. The sleep specialist wants to focus on the Benelux and is simplifying its management structure.
Despite the lockdowns in Belgium and the Netherlands, Dille & Kamille has had an excellent year. The turnover of the home and cooking chain exceeded 50 million euros for the first time.
On 23 June, the Swedish furniture giant will open its first branch of Ikea Décoration, a new store concept with a focus on interior accessories. The scoop is for Paris.
Ikea's retail holding company, Ingka Group, will allocate an additional 4 billion euros to invest in renewable energy. In addition, investment vehicle Ikea Foundation is pumping another 1 billion euros into reducing carbon emissions.
Casa International gets new owners. The Blokker family is selling the chain to the current management and to Globitas, an investment company specialised in the relaunch of companies in difficulty. Financial details will not be disclosed.
The compulsory store closures in the Netherlands affected Beter Bed's revenue in the first quarter. However, once customers have been able to shop by appointment again, things have improved considerably.
Yesterday, the 'espionage' trial against Ikea started in France. The French branch of the furniture giant is accused of unlawfully collecting and disclosing personal data, and violating professional confidentiality between 2003 and 2009.
How can hardware and home furnishing retailers make online sales profitable? On average, delivering a piece of furniture to a home costs the retailer more than it yields. Yet, consumers increasingly take it for granted.
Ikea will start selling spare parts to consumers worldwide. The world's largest furniture retailer wants to extend the lifespan of its products. The initiative is part of a greater sustainability campaign.
Casa International, owned by the Blokker family, has sold its only three-year-old distribution centre in Olen. The retail chain is suffering heavily from the corona crisis.
In the autumn of this year, all of Jysk's German stores currently called Dänisches Bettenlager will be renamed Jysk. The Danish furniture retailer has already done the same in Austria.
The Belgian family business Facq, a specialist distributor of bathrooms and heating, is being taken over by GC-Gruppe, a German sector partner. The Facq family will remain a minority shareholder.
The Scandinavian design brand Ferm Living changes hands: Belgian investment group Vendis Capital sells its majority stake to Maj Invest Equity. The label had been in Belgian hands for five years.
