Campbell Soup Company announced that it is in final and exclusive negotiations for the potential sale of its business in Europe to CVC Capital Partners, a leading global private equity firm.
President of Ikea USA Mike Ward is scheduled to keynote this year’s Retail Sustainability Conference, which will run from Monday, Sept. 30 to Thursday, Oct. 3 in Orlando, Fla.
Ikea has plugged-in the solar energy system installed at its distribution center in Perryville, Md.
American fans of Ikea’s Swedish meatballs can rest easy following clarification from the company regarding the origin of beef and pork found in meatballs sold at U.S. stores.
The Ikea Foundation, with the help of its customers and employees, have donated $12 million to UNICEF and Save the Children for projects that will help create opportunities for children to have access to a quality education.
Ikea reported that sales for its fiscal year 2012 grew by 9.5% and profits were up 8% to $4.2 billion, thanks to its model of offering low-cost, functional furniture.
The Ikea Group plans to become energy and resource independent by 2020, according to the chain’s new “People & Planet Positive” sustainability initiative.
Ikea helped out young people transition out of foster care by donating 110 bags filled with Ikea products.
Ikea said Monday that its CEO Mikael Ohlsson will step down effective Sept. 1, 2013, and will be succeeded by Peter Agnefjall, current country manager of Ikea Sweden.
Swedish fast-fashion retailer Hennes & Mauritz reported Thursday that net profit for the fourth quarter dipped to $997.2 million from $1.1 billion in the year earlier period.
Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.
Amazon.com said Thursday it is buying Lovefilm, a European movie rental service akin to Netflix, according to a report by the Associated Press.
Gap Inc. announced that it has launched its dedicated European e-commerce site for Gap and...