What is IKEA? All you want to know about the company that just opened its store in Hyderabad
In 2006, Ikea first displayed interest in the Indian market, but Indian laws then allowed only 51 per cent foreign ownership. Besides, foreign single-brand retailers were needed to have a local partner to operate in India.
IKEA entered the furniture market and Kampard opened the first furniture store in Almhult, Smaland in 1958. In 2017, the brand owned and operated 415 stores in 49 countries.Image source: Reuters