Latest news with #Ikea
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Business Standard
2 hours ago
- Business
- Business Standard
Ikea to amplify sourcing from India to 50% for its global operations
India is a "focus market" for the Swedish global home decor and furniture retailer Ikea, where it is increasing sourcing for its global operations and increasing local sourcing to 50 per cent, from the current 30 per cent, for the domestic retail business, a top company official said. The move will help to cater local retail and global operations, and will also generate more jobs across the supply chain, said Christina Niemel Strm, Head of Sustainability for Supply, Inter Ikea Group. India is "in the top 10 of our sourcing countries" list, from where it is procuring products worth around 400 million euros for its global retail operations, Strm told PTI in an interaction. Ikea's current sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items. "Our aim to source more product categories such as sofas, mattresses and storage furniture from the country now,' said Strm, adding "Inter Ikea Group has identified India as a focus market this year and we aim to increase local sourcing (from 30 per cent to 50 per cent), create products from India to cater to local and global customers and generate more jobs across the supply chain. Presently, Europe is Ikea's biggest supplier, followed by America and Asia, in which China leads. Ikea has been sourcing from India for the last five decades, though it started its retail operation in India in 2018 by opening its first store at Hyderabad, followed by Navi Mumbai and Bengaluru and several others such as Delhi NCR, are in the execution pipeline. "We have had a love affair with India...," she said, adding, "India will remain important for us". According to Strom, Ikea Group is here "for the long term" and already has "a very big belief" in the country. "We have suppliers that we have worked with since the start," she said, adding, "we grow together. I think also the growth for Ikea in India is also happening when India is growing and developing." Ikea, which is working with 1.10 lakh farmers here for sustainable sourcing of cotton, helping them with practices such as reducing usage of pesticides, fertiliser and water. "Well, it means for the farmer also that they actually get higher yields by this. So they get more money in their pockets, and we get a better product. So here sustainability is not driving cost, said Strom, while responding to a query as to whether these sustainable practices increase the cost. Through its supply business, Ikea has close to 1,00,000 coworkers at direct suppliers in India and around 2,70,000 at tier 2 suppliers. "Today, more than 1,10,000 farmers have adopted more sustainable farming practices within Ikea projects. The cotton used at Ikea comes from virgin cotton certified by our approved schemes," she said, adding Ikea is committed to halving emissions by 2030 and becoming net-zero by 2050. Inter Ikea Group is the group of companies that connects Ikea franchisees with range development and suppliers, and aligns the overall Ikea strategic direction. The Group includes Inter Ikea Systems BV the worldwide Ikea franchisor as well as range development, supply and certain industry activities.
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Hamilton hits $1 billion in building permits in record time. What projects pushed the city past the mark?
Hamilton has once again broken its record for the fastest climb to $1 billion worth of building permits . In a news release , the city announced that as of April 30, it had surpassed $1 billion worth of construction since the beginning of the year — the earliest Hamilton has ever hit the benchmark. That figure represents roughly 1,476 building projects across the city, ranging from residential and institutional to commercial and industrial — including anything from a residential tower or a manufacturing facility to a new deck or extension added onto a home. The release noted that record 'highlights the construction industry's success' in the city, adding 1,966 new dwelling units were approved by April 30 — the highest number ever recorded by that date in any previous year. 'Hamilton's momentum is undeniable,' Mayor Andrea Horwath said in a statement. 'This progress marks an important step forward in shaping a city where all Hamiltonians can thrive.' According to the city, nearly 68 per cent of the total assessed construction value is made up of residential construction, with roughly 15 per cent falling under the industrial, commercial and institutional sectors. More than 16 per cent of the total came from signs, demolitions, fire repair and sewage systems. City manager Marnie Cluckie called the new record a 'milestone,' noting it is reflective of a 'shared vision' for Hamilton between builders, developers, planners, residents and city staff. 'It speaks to the energy and action in Hamilton right now, as we welcome new homes, new jobs, and new opportunities,' added Cluckie. 'Reaching this milestone is more than a number — it's a sign of the progress we're making together.' The early stages of the building of the Television City development is pictured in this file photo. The early stages of construction of the new McMaster University residence on Main Street West is pictured in this file photo. A rendering of the soon-to-be-built Ikea customer distribution centre on Glover Road in Hamilton. The facility is expected to open in summer 2027. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
2 days ago
- Health
- Yahoo
Man sentenced after carer left for dead in crash
A teenager who left a carer for dead in a hit-and-run crash has been sentenced to four years in a young offenders' institution. Layton Clenton, 19, stole a Land Rover Discovery from an Ikea car park in Wednesbury on 30 September before driving to Wolverhampton. After an initial police pursuit, he crashed at speed into a car carrying 19-year-old Freya Theobold and a colleague, who were visiting homes in their work for a care agency. Ms Theobold, an adult nursing student, suffered severe pelvic and spinal fractures, a broken leg and needed bowel reconstruction surgery, and doctors initially feared she would never walk again. Since the crash, she has suffered repeated flashbacks and nightmares, and spent weeks in the Queen Elizabeth Hospital in Birmingham, and later New Cross in Wolverhampton before continuing her rehabilitation at home. Speaking exclusively to the BBC, Ms Theobold said the past five months had been the hardest experience of her life. Reflecting on the sentence, she said: "I feel relieved knowing it can't happen to someone else, another life won't be ruined, and just the thought that I am going to get some justice. "I think they are very selfish actions – he's caused some really traumatic things to me. "I hope he can learn from it and maybe not make the same mistake again - to better himself. Because no one should have to go through what I've had to go through." Ms Theobold is now making steady progress thanks to regular rehabilitation and mental health support. Despite that, she has had to put her University of Wolverhampton course on hold. "I can pretend I'm as normal as I can be, but in reality my mum still has to do my daily tasks for me, and so does my nan," she said. "I can't just walk to the shop; I can't do those things, and a lot of my independence has been taken away." In a statement read to Wolverhampton Crown Court on Friday by prosecutor Patrick Sullivan, she said she remembered "being trapped in the car... crying for my mum". Ms Theobold stated she had "lost all dignity", and her moods "are all over the place". "I walk very slowly. I certainly can't run.... Everything exhausts me. "I'm extremely anxious when travelling in a car or ambulance." Clenton was also banned from driving for three years on Friday. The judge, His Honour Justice Ward, said the teenager had a "bad record" of offending and was someone who had "a history of stealing cars". At an earlier hearing, Clenton, of Tennyson Road in Wolverhampton, admitted causing serious injury by dangerous driving, aggravated vehicle theft, failing to stop, and driving without insurance and while disqualified. Det Insp Richard Marsh, of West Midlands Police (WMP), said the Land Rover had initially been pursued by officers. "The driver was driving at high speed and dangerously, and police backed off due to the nature of the driving," he said. On Friday, Nicole Steers, defending, said Clenton had expressed remorse. At one point he ended up in care and had had "some challenges", she stated. "[He] ended up in the wrong crowd. "He didn't have the ability or the skills to stand strong." Freedom of Information data published by WMP shows that 305 Land Rover Discoveries were stolen in the region in 2024, more than any other model of car. A total of 1,623 arrests were made in the 12 months to February 2025, but only 6.9% of stolen vehicles were recovered, according to the statistics. The force recently launched a crackdown on vehicle thefts that saw 200 vehicles recovered with a combined value of £1.8m. Det Insp Marsh said it was working with the motor industry and partners. Additional reporting from Andrew Dawkins. Follow BBC Wolverhampton & Black Country on BBC Sounds, Facebook, X and Instagram. Teenager charged following suspected hit-and-run Man arrested over hit-and-run crash 'The driver who hurt me is still out there' Family of hit-and-run victim in information appeal HM Courts & Tribunals Service
Irish Independent
3 days ago
- Business
- Irish Independent
Irish unit of Ikea's Ingka parent group pays €1.1bn in dividends over past two years
Irish firm manages €15bn in debt securities and equities for the group Today at 21:30 An Irish finance unit of the group behind global retail giant Ikea has paid €1.1bn in dividends to its parent group over the past two years. Ingka Investments Financial Assets Ireland manages part of the liquidity of the Dutch-based Ingka Group by trading in equities, securities and other instruments.
The Sun
3 days ago
- Entertainment
- The Sun
My bedroom is a 2-storey flat inside my parents house – it's got a living room, walk-in wardrobe & balcony
A YOUNG woman has left people in awe over her perfect bedroom. Taking to social media, the woman who goes by yamajammehh showed off her dream bedroom at her parents ' house. 2 Showing off the pristine white bedroom, she had plenty of people ask about the details of the room. The dream room included her own living room with a sofa and TV as well as a walk-in wardrobe. But that's not all, that was only the bottom floor of her tiny flat. She also had a balcony upstairs and room for a double bed. In the clip, she confirmed that she did not live on her own but that the loft was converted to turn it into a 2-storey room. The lucky woman said: "I don't have a kitchen in my bedroom. I think a couple of people got confused and thought it was my house but no this is a bedroom." Before entering the bedroom she revealed there was a family bathroom in the hallway that she uses and that the kitchen was downstairs. "So it's literally just a normal bedroom but it has the attic conversion to make the balcony or mezzanine whatever you want to call it," she continued. The incredible space had a roof window for some extra light, but she also kept the interiors neutral to add more in. She was also able to fit a huge beige corner sofa into her room and finished the decor with a fluffy rug and ornate light shade she got form Ikea for £10. Inside Britain's most luxury tiny homes that are covered in marble, offer a 'mansion' feel for £169k & are completely portable The clip quickly went viral over on her TikTok account @ yamajammehh with over 200k views and 10k likes. People couldn't hide their jealousy and loved her massive bedroom. One person wrote: "This is so cool, I'd love this!!" Home upgrades that add the most value to a house The best renovation to add value totally depends on your property, the local market and your potential buyers. Zoopla shared a list of upgrades that will instantly add value to your home. Loft conversion - increase of 15% Off-street parking - adds £50,000 to property price New kitchen - increase of 15% Garage conversion - increase of 15% Cellar or basement conversion - increase of 10-15% Open plan living space - increase of 3-5% New bathroom - increase of 3-5% "Now that is the dream bedroom," penned a third. Meanwhile a fourth said: "I love this so much." "Ok so this is a FLEX,' claimed a fifth.
