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Ikea is recalling 820,000 of its Kullen three-drawer chests because of the risk of the product tipping over and crushing children.
IKEA has agreed to pay $46 million to the parents of a 2-year-old boy who died of injuries suffered when a 70-pound recalled dresser tipped over onto him, the family’s lawyers said Monday.
In a milestone that’s been more than a decade in the making, India’s first Ikea store will open Thursday, bringing inexpensive Nordic-inspired furnishings and food to the world’s fastest-growing middle class.
Ikea Group, the world’s largest furniture retailer, is getting ready for a future where people have little to spare: both in their wallets and in terms of space.
Ingvar Kamprad, the IKEA founder who turned a small-scale mail order business into a global furniture empire, has died at 91, the company said Sunday.
Ikea relaunched a recall of 17.3 million chests and dressers Tuesday after the death of an eighth child.
Retail executives are returning to Washington in their latest bid to fight the border-adjusted tax proposal, aiming to turn more Republican lawmakers against House Speaker Paul Ryan’s plan.
The world’s largest furniture seller, Ikea, bills itself as “The Life Improvement Store.” But after its products caused three deaths, the Swedish company will pay $50 million to the families of three young boys. The children, no older than 2 years old, died when Ikea dressers toppled over with crushing force. In all cases, the lethal furniture was one of Ikea’s Malm dressers, a line of popular assemble-it-yourself chests made of particle- and fiberboard.
NEW YORK – Well known for stylish but affordable housewares, Sweden’s Ikea Group is cutting prices on some big-ticket items as it seeks to outfit more homes around the globe. From couches to bed frames, the price cuts are part of new president and CEO Mikael Ohlsson’s response to continuing demand for low prices and compact furnishings as the global economy sputters.