Swedish furniture and home textiles retailer Ikea has announced its plans to invest Rs 3,000 crore in the state of Karnataka over the coming few years as it sees India as having string potential for retail growth.
Ikea India plans to source more products locally to combat rising inflation, as the Swedish furniture group looks to connect better with the country's burgeoning middle class, a top executive said on Tuesday.
Online furniture, homeware, and home textiles retailer Pepperfry has opened its first brick-and-mortar studio outlet in Marathahalli, Bengaluru as it works to build an omni-channel business and penetrate niche markets.
The label caught the eye at Milano Design Week with an imposing installation, proof of its ambitious plans for the Versace Home line, whose furniture is now manufactured under license by Luxury Living Group.
Vintage store No Borders is relaunching as a multi-brand global marketplace for fashion, design, and furniture from up-and-coming brands as well as vintage with the aim of facilitating global cultural exchange.
On Tuesday, luxury labels Louis Vuitton and Hermès opened the Milan Design Week with two stand-out installations, the former celebrating the tenth anniversary of the Objets Nomades line, the latter a hymn to lightness.
On June 22, Swedish furniture, homeware, and lifestyle brand Ikea will open a new brick-and-mortar store in Nagasandra, Bengaluru. Ikea expects its upcoming store to attract over 70 lakh visitors per year.
Homeware, home textiles, and furniture giant Ikea plans to increase the amount of products it sources from India for its stores in the country to keep consumer costs down and create employment opportunities.