Swedish home furnishings firm has named Peter Betzel as the new chief executive officer for the India market. He will take over from Juvencio Maeztu who has been elevated to CFO and deputy CEO, Ikea Group.
IKEA Group, the world's biggest furniture retailer, will maintain or raise already high levels of investment in coming years as it adapts to fast-changing shopping habits, its new CFO said on Wednesday.
Swedish furniture retailer Ikea will invest around Rs 3000 crore (approx $ 462 million) to set up its base in the state of Maharashtra by opening up experience centres, distribution centres and multi format stores.
Swedish home furnishing major Ikea has earmarked an investment of Rs 750 crore (approx $117 million) for a distribution centre in Maharashtra, which will cater to the needs in the state, a top company official said.