More News

More on IKEA
October 5th, 2010
The Age in Australia has borrowed quite heavily from my blog the other day on IKEA, so I hope they won’t mind if I borrow back from their rather good blog on the same theme. As they say:
The advance guard of the crowd heading for Sunday’s rugby league grand final might have wondered what the traffic jam was about on Homebush Drive heading away from Olympic Park - the queue was to get into the car park for IKEA’s massive headquarters store. This wasn’t an opening special, there was no spring sale, not even...
Continue Reading
The IKEA conundrum
October 4th, 2010
IKEA is a private company. It does not need to publish an annual financial statement ion the form as a quoted multinational corporation. And it doesn’t. But it has (I think for the first time) published a limited annual report. That’s the good news. The bad news is it does not tell us much. This is the profit and loss account:
Continue Reading
IKEA and the Graft Factor
July 23rd, 2009
A decision of Swedish furniture retailer IKEA to suspend further investment in Russia because of corruption is a sign that business here is still fraught with risks for international investors. While President Dmitry Medvedev has taken a clear position on anti-corruption and introduced legislation to curb official bribery, the reality is that corruption continues on a massive scale in the economy and society. However, IKEA’s response to the corruption challenge — to reduce further investment rather than pull out altogether — suggests that the risks can be managed. International companies and governments have an important role to play in...
Continue Reading
Follow @FinTrCo