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Ikea hopes for furniture market improvement in 2026
Ikea hopes for furniture market improvement in 2026
Economy
by  AFP

World number-one furniture retailer Ikea is hoping the market will improve next year from a decline in consumer spending on furnishing their homes, one of its senior leaders told AFP. During a recent visit to Paris to visit the Swedish chain's new city-centre shop, Inter Ikea chief Jon Abrahamsson Ring told AFP that 2025 is likely to be "challenging".

Arsenal post £17.7m loss despite record revenues
Arsenal post £17.7m loss despite record revenues
Economy
by  AFP

Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue. However, wages skyrocketed to £327.8 million from £234.8 million.