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Ikea owner warns of price rises as supply chain crisis takes toll
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The prices of Ikea furniture and homeware are to rise as a result of lasting disruption to its supply chain, the brand’s owner has warned, after increased costs of raw materials and transport knocked its full-year profits.
Inter Ikea Group, the parent company of the Ikea brand, which is operated by a string of franchise businesses, said it expected challenges in its supply chain to last well into 2022.
Like many home furnishing retailers, Ikea benefited from soaring demand for its products during
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