Latest news with #Ingka
Yahoo
6 days ago
- Business
- Yahoo
IKEA Canada temporarily cuts food prices to help with the rising cost of living
Canadians craving those famous Swedish meatballs from Inter IKEA Systems BV are in for a pleasant surprise as the retailer is temporarily slashing food prices to help with the rising cost of living. IKEA recently announced it's cutting its weekday restaurant prices in half for some dishes until the end of August, while children eat free on Wednesdays. Customers must have an IKEA Family Card to get the discounts. The move is meant 'to help people stretch their budgets, nourish their families, and find a little more joy,' the retailer said. 'Securing the lowest possible price for our products is always our utmost goal, and this is even more important in today's times of economic uncertainties and cost-of-living pressures,' Tolga Öncü, Ingka retail manager at IKEA Retail, said in a news release. The company says a family of four in France will now pay 6.96 euros ($11.12 CAD) for a meal and a 5 euro store voucher, compared to the previous price of 19.9 euros ($31.63 CAD). Food inflation has been a persistent issue in Canada, having climbed a whopping 31 per cent since 2019, according to NerdWallet Canada. Prices for food purchased in stores climbed 2.8 per cent year-over-year in June, according to Statistics Canada, outpacing overall inflation for the month. IKEA stores in Canada, Austria, China, Denmark, France, Germany, Italy, Netherlands, Poland, Portugal, South Korea, Sweden, Switzerland, and the United Kingdom are included in the promotion. • Email: bcousins@ Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
IKEA Canada temporarily cuts food prices to help with the rising cost of living
Canadians craving those famous Swedish meatballs from Inter IKEA Systems BV are in for a pleasant surprise as the retailer is temporarily slashing food prices to help with the rising cost of living. IKEA recently announced it's cutting its weekday restaurant prices in half for some dishes until the end of August, while children eat free on Wednesdays. Customers must have an IKEA Family Card to get the discounts. The move is meant 'to help people stretch their budgets, nourish their families, and find a little more joy,' the retailer said. 'Securing the lowest possible price for our products is always our utmost goal, and this is even more important in today's times of economic uncertainties and cost-of-living pressures,' Tolga Öncü, Ingka retail manager at IKEA Retail, said in a news release. The company says a family of four in France will now pay 6.96 euros ($11.12 CAD) for a meal and a 5 euro store voucher, compared to the previous price of 19.9 euros ($31.63 CAD). Food inflation has been a persistent issue in Canada, having climbed a whopping 31 per cent since 2019, according to NerdWallet Canada. Prices for food purchased in stores climbed 2.8 per cent year-over-year in June, according to Statistics Canada, outpacing overall inflation for the month. IKEA stores in Canada, Austria, China, Denmark, France, Germany, Italy, Netherlands, Poland, Portugal, South Korea, Sweden, Switzerland, and the United Kingdom are included in the promotion. • Email: bcousins@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Calgary Herald
7 days ago
- Business
- Calgary Herald
IKEA Canada cuts restaurant prices in half to help with the rising cost of living
Canadians craving those famous Swedish meatballs from Inter IKEA Systems BV are in for a pleasant surprise as the retailer is slashing food prices to help with the rising cost of living. Article content IKEA announced on Tuesday it's cutting its restaurant prices in half for adults and children eat free from Monday to Friday. Article content The move is meant 'to help people stretch their budgets, nourish their families, and find a little more joy,' the retailer said. Article content Article content 'Securing the lowest possible price for our products is always our utmost goal, and this is even more important in today's times of economic uncertainties and cost-of-living pressures,' Tolga Öncü, Ingka retail manager at IKEA Retail, said in a news release. Article content Article content The company says a family of four in France will now pay 6.96 euros ($11.12 CAD) for a meal and a 5 euro store voucher, compared to the previous price of 19.9 euros ($31.63 CAD). Article content Food inflation has been a persistent issue in Canada, having climbed a whopping 31 per cent since 2019, according to NerdWallet Canada. Article content
Yahoo
7 days ago
- Business
- Yahoo
IKEA Canada cuts restaurant prices in half to help with the rising cost of living
Canadians craving those famous Swedish meatballs from Inter IKEA Systems BV are in for a pleasant surprise as the retailer is slashing food prices to help with the rising cost of living. IKEA announced on Tuesday it's cutting its restaurant prices in half for adults and children eat free from Monday to Friday. The move is meant 'to help people stretch their budgets, nourish their families, and find a little more joy,' the retailer said. 'Securing the lowest possible price for our products is always our utmost goal, and this is even more important in today's times of economic uncertainties and cost-of-living pressures,' Tolga Öncü, Ingka retail manager at IKEA Retail, said in a news release. The company says a family of four in France will now pay 6.96 euros ($11.12 CAD) for a meal and a 5 euro store voucher, compared to the previous price of 19.9 euros ($31.63 CAD). Food inflation has been a persistent issue in Canada, having climbed a whopping 31 per cent since 2019, according to NerdWallet Canada. Prices for food purchased in stores climbed 2.8 per cent year-over-year in June, according to Statistics Canada, outpacing overall inflation for the month. 'We are not seeing inflation in our business,' Empire CEO says Competition Bureau sues DoorDash over alleged misleading prices IKEA stores in Canada, Austria, China, Denmark, France, Germany, Italy, Netherlands, Poland, Portugal, South Korea, Sweden, Switzerland, and the United Kingdom are included in the promotion. • Email: bcousins@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
7 days ago
- Business
- Business Standard
Ikea India appoints new CEO, Patrik Antoni, to drive growth plans
Swedish home furnishings retailer Ikea India has appointed Patrik Antoni as Chief Executive Officer, effective August 2025. Antoni, together with the country retail manager and chief sustainability manager, will strengthen the company's leadership setup in India, the company said in its release. The release stated, 'Patrik will lead the company's ambitious growth plans in India, leveraging his 20+ years of Ikea experience and deep knowledge of the total Ikea value chain. In this new structure, the CEO will take on holistic responsibility for retail operations in India and common topics across Ingka companies.' Antoni's experience in India includes a five-year stint as deputy CEO, which will enable him to navigate the market's unique opportunities and challenges. He was also part of the initial Ikea India retail team that opened the first store in Hyderabad. The appointment of Antoni as the India lead comes as the company accelerates its growth and expansion in the country, capitalising on India's economic development. The strengthening of leadership in India underlines the company's commitment to deepening its presence and creating a bigger impact through Ikea's business operations in India, the release added. Susanne Pulverer, current Country Retail Manager & CSO, has decided to move on and leave her role and Ikea. Susanne has had an incredible 28-year journey at Ikea, with over eight years spent in India across three different stints, driving commercial growth and transformation. "I am very grateful for the incredible years at IKEA with many leadership learnings and unforgettable experiences in India, this beautiful country with its beautiful people. While now handing over to a new leadership, I am excited to start a new chapter in my life,' she said. The recruitment for Susanne's successor is currently ongoing.
