IKEA Group signs agreement to acquire TaskRabbit

IKEA Group signs agreement to acquire TaskRabbit

IKEA Group (Ingka Holding B.V. and its controlled entities), the world’s largest home furnishing retailer, has signed a conditional agreement to acquire 100% of the shares in TaskRabbit, Inc., an on-demand services platform company. TaskRabbit currently operates in the United States and London (UK) and will continue to function as an independent company. “In a […]

IKEA recalls 29 million chests and dressers

IKEA recalls 29 million chests and dressers

The Swedish retail giant IKEA has recalled 29 million chests and dressers following tip-over causalities. The recalled Malm line has been responsible for death of four children. The recalled chests were sold from 2002 through June 2016 for between $70 and $200. The items are being recalled in the US and Canada. The company announced […]

Ikea reveals new eco friendly packaging alternative

Ikea reveals new eco friendly packaging alternative

Swedish retail giant Ikea revealed its plans to replace the existing polystyrene packaging with eco friendly mushroom based alternative. The new biodegradable fungus-based packaging will be more easy to be recycled. The company announced that the newly developed biodegradable “fungi packaging”,  would also reduce wastage. The head of sustainability for Ikea in the UK, Joanna Yarrow said, “We are […]