U.S. News & World Report

IKEA Profit Falls 26% to $2 Billion as US Tariffs Fuel Costs

LONDON (Reuters) -Sweden's Inter IKEA, which supplies furniture to IKEA stores around the world, said on Friday its annual operating profit dropped 26% as the impacts of U.S. tariffs drove up costs.
AOL

Inter IKEA switches CEOs as it focuses on cash-strapped consumers

MALMO, Sweden (Reuters) -Inter IKEA Group CEO Jon Abrahamsson Ring will step down at the end of the year, the owner of the world's biggest furniture brand said on Thursday, with Jakub Jankowski taking ...
Bloomberg L.P.

Inter Ikea Names New CEO, Who Pledges to Keep Price-Cutting Plan

Inter Ikea Group, the global franchiser of the Swedish furniture brand IKEA, said Jakub Jankowski will take over as chief executive officer on Jan. 1, ending the five-year reign of company veteran Jon ...
Reuters

IKEA reports higher profit despite revenue hit from price cuts

LONDON, Nov 8 (Reuters) - Inter IKEA, the owner of the world's biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it ...