Japan’s Sumitomo Forestry picks up 26% equity stake in Spacewood
Spacewood is a major player in this category, with a pan-India distribution network and tie-ups," said Kirit Joshi co- founder of Spacewood.
View ArticleFurniture, furnishings sector to need 11.3 million workers by 2022: NSDC report
India’s furniture and furnishings sector will need about 11.3 million skilled workers by 2022, according to the National Skill Development Corporation.
View ArticleIKEA Foundation pledges Rs 117.76 crore to empower 1 million women in India
IKEA Foundation has partnered with UNDP, Xyntéo and IDF to provide employment and entrepreneurship opportunities to one million underprivileged women in India.
View ArticleIKEA France may slow store openings as web sales take off
IKEA may slow the pace of planned new store openings in France as it increasingly looks to e-commerce and click & collect services.
View ArticleHerman Miller opens new facility in Bengaluru
Herman Miller today inaugurated its production facility at Bidadi and said it plans to double sales in India to around $60 million in the next four years.
View ArticleGodrej Interio to invest Rs 300 crore in domestic market
Godrej Interio will invest up to Rs 300 crore in the next one year to expand its manufacturing capacity and sales network.
View ArticleSwedish furniture retailer Ikea sources 35% of cotton from India
Ikea is working with over 50,000 farmers across Punjab, Gujarat, Maharashtra & Telangana and is expected to increase procurement over the next few years.
View ArticleIKEA seeks more time to meet 30% mandatory local sourcing norm
IKEA has told the Indian government it will need more time to meet the 30% mandatory local sourcing rule because of its sustainability pledge.
View ArticleFurniture portal GoZefo revamps website for Diwali; sales up 7 times
GoZefo.com, a startup that sells used furniture, defied the norm of deep discounting and blitz marketing this Diwali and instead revamped each item in its catalogue.
View ArticleAskme brings Twinkle Khanna on board for home décor tips
Askme recently entered the furniture segment with an investment of $20 million in online furniture company MebelKart.
View ArticleSatya Paul develops new home furnishing label Paul Salon
He has captivated lovers of chiffon saris with signature prints and has even lent his artistic flair to home furnishings.
View ArticleKingfisher third-quarter profit falls on soft France market
Kingfisher missed forecasts with a 6.6% fall in third-quarter profit, hurt by a soft market in France and adverse foreign exchange movements.
View ArticleIKEA India staff to get Rs 1.12 lakh as pension pay-out
Employees of Swedish home furnishings major IKEA in India will get a lumpsum amount of Rs 1.12 lakh as part of its global retirement fund.
View ArticleCustomFurnish.com raises Rs 30 crore from Agnus Capital
CustomFurnish.com, a furniture portal has raised Rs 30 crore in a fresh round of funding from Bengaluru-based family office Agnus Capital.
View ArticleOnline branded furniture startup HomeStudio.com raises Rs 33.4 crore
The one-month-old startup will use the cash to strengthen its technology platform, build warehouse capabilities, offline studios and hire talent.
View ArticleIKEA net profit increases to 3.5 billion euros in FY 2014/15
IKEA said it had offset lower prices to customers with lower purchase prices and increased efficiency in its supply chain.
View ArticleOnline furnishings marketplace CapriCoast raises Rs 23 crore from Accel...
The average ticket size of an order has gone up to Rs 3.5 lakh after the company shifted to the current O2O (online to offline) strategy from Rs 2 lakh previously.
View ArticleWith an eye on customer base, GoZefo to now offer guaranteed buyback option
GoZefo.com is now offering its consumers a guaranteed buyback option to return the product once they are done using it in a bid to expand its consumer base.
View ArticleOnline furniture retalier Urban Ladder expects $200 million in revenue by mid...
The move comes as Indian startups have sharpened their focus on unit economics after growing rapidly over the past two years.
View ArticleBonita eyes Rs 100 crore sales by FY18; to raise Rs 30 crore
Home utility products maker Bonita India is eyeing Rs 100 crore turnover by 2017-18 as it expands operations in the country and overseas.
View Article
