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    IKEA Knocks on India's Door

    Sun, 06/24/2012 - 14:00 EDT - WSJ
    • FREEASIA
    • FREEEUROPE
    • FREEINDIA

    Swedish housewares giant IKEA wants to set up 25 stores in India, a plan that comes as some relief for policy makers trying to boost foreign-investor sentiment.



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    Related

    • IKEA Knocks on India's Door

      Swedish housewares giant IKEA wants to set up 25 stores in India, a plan that comes as some relief for policy makers trying to boost foreign-investor sentiment.

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      STOCKHOLM, Sweden — Swedish furniture giant Ikea was drawn into Europe’s widening food labelling scandal Monday as authorities said they had detected horse meat in frozen meatballs labelled as beef and pork and sold in 13 countries across the continent. The Czech State Veterinary Administration said that horse meat was found in one-kilogram packs of frozen meatballs made in Sweden and shipped to the Czech Republic for sale in Ikea stores there. A total of 760 kilograms of the meatballs were stopped from reaching the shelves.

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    • India Asks IKEA for More Details of Stores Plan

      The IKEA Group's 1.5 billion euro ($2 billion) proposal to open stores in India -- one of its largest untapped markets -- hit a bump with the country's foreign investment board asking the Swedish retail giant for some clarifications.

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