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News and Events

IKEA Confirms It’s Coming to PH But May Take 4 to 6 Years

Swedish furniture retailer’s SEA manager says that’s the usual time for building a branch in new territory

It may take four to six years before Swedish furniture store chain IKEA opens its first branch in the country, BusinessWorld reported on Thursday, May 24.In the news report, IKEA Southeast Asia Market Development Manager Georg Platze said the Swedish furniture store ...

by Elyssa Christine Lopez  | May 25, 2018 12:00:00
News and Events

SM Prime to Build First IKEA Store in PH in Mall of Asia, Says Bloomberg

Swedish furniture retailer may also launch online store in the country

SM Prime Holdings is building the country’s first branch of Swedish furniture store chain IKEA, Bloomberg reported on Friday, April 6.In a news story posted on Friday, Bloomberg said the country’s largest property developer will lease out property long-term to the Swedish ...

by Elyssa Christine Lopez  | April 06, 2018 05:00:00
News and Events

5 Things You Didn't Know About Ikea's Billionaire Founder

Ingvar Kamprad, the world's eighth richest person, died at 91 on Jan. 27

Ingvar Kamprad, the founder of DIY affordable (and relationship testing) furniture maker and Swedish food purveyor Ikea, died on Jan. 27 at the age of 91.Having been in business for more than seven decades and with a significant global presence, any entrepreneur ...

by Nina Zipkin  | January 31, 2018 02:00:00
News and Events

Ikea Is Asking Women to Pee on This Ad, and We've Got Questions

The magazine ad is aimed at pregnant women, in case you're wondering

There are probably some odd things that people would do for a good discount, but this is a new one. In Sweden, furniture maker and meatball purveyorIkea has released its first magazine advertisement of 2018, and the company has included some, let’s say interesting, technology ...

by Nina Zipkin  | January 13, 2018 08:00:00
News and Events

Kick start your day, April 1: VAT exemptions, benefits for PWDs, kin approved

Plus, casino operator hands over money; IKEA founder turns 90; Cebu Pacific income up by 400%; PLDT invests $5M in Matrixx Software.

PWDs and kins now VAT-exemptedFamily members and relatives of persons with disabilities (PWDs) stand to benefit from Republic Act No. 10754, which President Benigno "Noynoy" Aquino III signed into law last week. The law exempts PWDs from the 12% VAT (value added ...

by Entrepreneur Staff  | April 01, 2016 08:00:00
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