Daily News
From Home Furnishing Business
Ikea Joins the Furniture Leasing Business
February 6,
2019 by Laurie Northington in Business Strategy, Industry 
Ikea, the Swedish multinational furniture retail firm, has announced a furniture leasing trial set to start in Switzerland by the end of the month, according to a report from Financial Times.
“We will work together with partners so you can actually lease your furniture. When that leasing period is over, you hand it back and you might lease something else,” said Torbjorn Loof, chief executive of Inter Ikea, which owns the Ikea brand. “And instead of throwing those away, we refurbish them a little and we could sell them, prolonging the lifecycle of the products.”
Company officials said that leasing office furniture such as desks and chairs to business customers would be among the first trials. But kitchens could be another possibility for renting rather than selling.
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