A venture part-owned by Finnish forestry group Stora Enso, H&M and IKEA said on Tuesday it was set to build a demonstration plant in Sweden for a new, more sustainable wood-based textile fibre after years of research.
Ikea's shopping malls business said its expansion plans remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close.
Ikea sees sales returning to growth this year after the coronavirus crisis boosted shoppers' interest in spending more on their homes, a trend the world's biggest furniture retailer believes is here to stay.
Ikea's shopping centres business hopes to open the doors of its first mall in the United States, in the centre of San Francisco, within a year, pushing ahead with its expansion plans despite the coronavirus crisis.
Ingka Group, the owner of most Ikea stores, said on Tuesday it has started repaying aid in Serbia and will also repay aid in Belgium, Croatia, the Czech Republic, Ireland, Portugal, Spain and the United States.