Higher wood and metal prices and tariffs caused a drop in profit for Inter Ikea Group, the owner of the Ikea furniture brand.

Global furniture giant IKEA will open a store in Hyderabad August 9. Its first outlet in the India will be include a 150-employee assembly shop because Indians don't want to put items together.

Scientists have developed a robot that can autonomously assemble an IKEA chair without interruption.

In an effort to source timber more ethically, furniture giant Ikea has purchased a massive 25,000-acre forest in the middle of Alabama.

Ikea has undertaken a new business venture: renting out and buying back their own furniture.

SMALAND, SWEDEN -- Ingvar Kamprad, the founder of IKEA and Ikano,  passed away, at his home in Småland, Sweden, on January 27. Surrounded by his loved ones, he died at the age of 91, following a short illness. Ingvar Kamprad was born in 1926 in Småland in southern Sweden. At the early age of 17 he founded IKEA - the business that became his lifelong commitment. Ingvar’s driving force was the vision of creating a better everyday life for the many people.

The European Commission is investigating furniture and cabinet giant IKEA for avoiding €1 billion Euro in taxes. The move follows similar investigations which led to multi-billion Euro tax assessments for such global firms as Starbucks, Fiat, and Apple.

A Philadelphia law firm says it has been retained by the family of Jozef Dudek, a 2-year-old from Buena Park, California, who died when a three-drawer IKEA Malm dresser fell on him in May 2017.