Furniture retailer nets €5.2bn from the sale of its product development and supply chain business to group set up by founder
Ikea has pledged to invest €1bn (£850m) in recycling companies and forests after netting €5.2bn from the sale of its product development and supply chain business.
The deal between the retailer and Inter Ikea, a group set up by Ingvar Kamprad, the founder of Ikea, which controls the brand and design trademarks behind his empire, was revealed as the furniture retailer reported a 7.4% rise in annual global sales to €35.1bn, boosted by 29% growth online to €1.4bn.
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