DEEPX Partners with Hyundai to Power Next-Gen AI Robots Ahead of IPO 
AEVEX Raises $320 Million in IPO Amid Surging Defense Sector Demand 
Pentagon Taps Auto Giants to Supercharge U.S. Weapons Production 
CATL Stock Hits Record High After Q1 2025 Earnings Surge 
TSMC Posts Record Q1 Profit Fueled by AI Chip Demand 
Uber Bets Big on Autonomous Vehicles with $10 Billion Commitment 
Japan Opens Arms Export Floodgates: New Policy Draws Global Defense Interest 
Daikin Industries Stock Surges 14% After Elliott Investment Management Discloses Major Stake 
Elon Musk's Terafab Foundry Courts Top Chipmaking Giants for AI Self-Sufficiency Push 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million 
Iran War Drives Asia's Plastic Crisis — and a Green Packaging Boom 
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants 
Texas AG Investigates Lululemon Over "Forever Chemicals" in Activewear 
Netflix Q2 Profit Warning Sends Shares Tumbling as Reed Hastings Exits 
Hermès Q1 2026 Sales Miss Expectations Amid Iran War and China Slowdown 
Amazon in Advanced Talks to Acquire Globalstar in Starlink Rivalry Move 
IKEA has been investing in Portugal and now the numbers have reached €65 million. The said amount is the total funding that the Swedish furniture retailer has already given out as of August this year.
Tolga Öncü, Ingka Group’s retail operation manager, confirmed that their IKEA subsidiary has already spent €65 million on its business in Portugal. He also announced some good news and revealed the company is planning to invest more and put in another €60 million before the year ends.
Supporting the Brand’s Impressive Growth in Portugal
As per The Portugal News, the head of IKEA in the region said the company’s business growth recorded more than 11%. This percentage is said to be “almost double the world average.”
They noted that the growth simply indicated that the entire home furniture industry in the country has become larger than before. Moreover, in an interview with local media, Öncü said they are investing at a time when IKEA is planning to expand its business further in Portugal by opening more ordering and collection facilities.
“This year was fantastic for IKEA and Portugal,” the Ingka Group, IKEA’s parent company, retail operations manager said. “In Portugal, the team achieved growth of over 11%, which is almost double the world average and there are several reasons why Portugal stands out. Many of the best examples worldwide are being developed in Portugal and then we are copying them throughout the world.”
Future Plans for Expansion
IKEA has a lot of plans to increase its presence and sales even more. One of the schemes is to redesign its Loures store outlet located in Lisbon district, the capital of Portugal. It will also invest in parcel business that will cater nationwide but will not be setting up new fulfillment centers, Portugal Post reported.
“Instead of building a new warehouse in Portugal, we can use one of our large stores and transform it,” Öncü explained. “This is one of our most interesting projects in Portugal for the group.”
Photo by: Jueun Song/Unsplash
