COLOMBIA - Madecentro, a leading company in Colombia's wood and furniture industry, has announced an alliance with Kronospan, the top global manufacturer of melamine boards. Starting October 22, Kronospan's products will be exclusively available at Madecentro's 222...
ECUADOR - Ecuador's exports of particleboard / MDP from January to August 2024 (8M-2024) have experienced a slight overall decline compared to the previous year. Total exports reached USD 132.9 million, a 2.4% decrease from USD 136.2 million in 2023. Colombia...
NETHERLANDS - Ingka Group , Ikea's largest retailer, reported its share of Ikea retail sales at EUR 39.6 billion for Fiscal Year 2024 (FY24), a 5% decline from EUR 41.7 billion in FY23. The company focused on lowering prices, investing over EUR 2.1 billion in...
COLOMBIA - Ikea has opened a new store in Medellín, continuing its regional expansion plan in partnership with Falabella. This new location, at the Viva Envigado shopping center, spans 18,000 square meters, with 12,200 square meters dedicated to sales. Customers can...
CHINA - Ingka Group, the largest Ikea retailer, has opened a new Ikea store and Livat meeting place in Shanghai's Changning District, enhancing its presence in China. This supports the company’s strategy to merge digital and physical shopping experiences. The Ikea...
PERU – In the first seven months of 2024 (7M-2024), Peru's imports of particleboard / MDP totaled approximately USD 78.89 million, marking a 12.6% decrease compared to USD 90.31 million during the same period in 2023. Key countries of origin included Ecuador, which...
CHILE - From January to June 2024, Chile's imports of wooden furniture reached a total of USD57.66 million, marking a significant 26.6% increase from USD 45.56 million during the same period in 2023. Brazil remains the main supplier country, with imports valued at USD...
FRANCE - Ingka Group, the largest Ikea retailer, is enhancing its presence in Paris’ 13th district with the opening of a new Ikea store in the Italie Deux shopping centre. This new store aims to offer greater convenience and accessibility for Parisian customers....
NETHERLANDS - Ikea is testing a new digital marketplace for second-hand furniture, called Ikea Preowned, in Madrid and Oslo, and is planning to roll out the site globally in December. This platform enables users to buy and sell used Ikea furniture directly, featuring...
CHILE - Falabella informed that it will sell to Parque Arauco the Open Plaza Kennedy shopping center and the entity that operates the Courtyard Hotel by Marriott inside the center, in Las Condes, Santiago. Falabella’s CEO, Alejandro González, stated that this move...
COLOMBIA - In the first half of 2024 (6M-2024), Colombia experienced a notable increase in its particleboard (PB / MDP) imports. The total value of imports reached USD 84.99 million, reflecting a 15.9% rise compared to the same period in 2023. This growth is...
NETHERLANDS - Inter Ikea Group has agreed to acquire Ikea retail operations in Estonia, Latvia, and Lithuania, including three full-size stores, five smaller customer points, e-commerce, and Digital Retail Development. The deal, subject to regulatory approval, is set...
