Tur Economic Ties News By Industry Home News Marksts IPO Personal Finance Tech Jobs Opinion Features Environment anh 2) gl, Diows Sock Got wry |News By Company Economy lesNation | ternational usiess | Emerging Businesses | PSU Pr Releases| NR ‘Alo Sankinginace Cons. Produce Eretgy Intl Goods/vHealtcaeolech Joby Serene Media Domestic furniture brands revise plans to brace IKEA competition Story | Comments (2) rants | MG |e | Codes | Ck | Fie | Fret dsb Gage Small Business Funding ‘www franchiseindia.com - Get Funding Hens fee Small Busines Register Now! [NEW DELHI The green signal to Swedish Rue raer KEA fori 100% single rad vente in ia has sat domestic emus makers in a fen easing moat of hem orevait the business modal o geet up for compotion. Local players hae akesty begun fo got aggressive on thor expaion plans een as they belie that KEA wl bent them by ghung tpt he xganzea Major domes tales such as Gore tari, Onan and soaral thers ar buy charting ot plans for Inerasing bana witty by aking more stores inthe ‘heres, trans are neresing he marketing buaget or greater product awareness “Alot oflecal brands wil now rollout used plans. KEA Is going to msko a quale ststomert. Tho change, however, maybe concerted inte owns wher kplan to opens foes,” sak Matt Bah partner, transaction sordces at KPMG Ina is now werkng to nreass its presence in the premium range fr better margins. Premium products conte ess than 5% ofits teal ovens curently, but company executes say tus wil netease Lo over 20% In next fv yas. Fae Grou-ownes tumtue tal fom Home Town ooking fo consatdate ts business by way of eiiog sores and revising store counts to make the mat vabo, mars watchors sae. The company, however, was ot aalable for comments Fumture maker Duan to is ooking fr markets inthe er and ter I towns. With an increasing demand from the aspratlonl mig cass, Duta Is yng to move away fom fusing only en metas Intemational brands exiting neta, however, ay thet far of IKEA canning business of smaller players ray be unounded, Acording to experts, marke sare of KEA sili single dig n markets ouside is home county enough various pce range product oco-0cs Godrej Platinum Mumbai ‘5Mnutos Watk To Mumba Raiway Station &Bus-Dapet. Know More Now wore godrajpropertion.com/iktwol ‘ra doronal STCLPrimaryDeslornp Donatos ‘Seoul heres oat slaty om tes-wosk nah Niels, GOP grows a 53% versus 55% 9 ‘Sonata Rods tarp kes body armoufor Sal ‘Upssra shariva) NG Yea Bane Consungton data Soule Entrepreneurship & Ideas