By Dominic Chopping

STOCKHOLM--IKEA will halve the price of meals in some of its restaurants as part of its continuing store investments.

Ingka Group, which owns most IKEA stores globally, said the price drop will apply Monday through Friday at stores in Austria, Canada, China, Denmark, France, Germany, Italy, Netherlands, Poland, Portugal, South Korea, Sweden, Switzerland, and the U.K.

The new prices will come into effect in the "coming period," and children will eat for free, it said.

"We wanted to enable even more people to enjoy our restaurant offer while exploring our home furnishing range," Tolga Oncu, head of retail at Ingka Group said in a statement Wednesday.

"Securing the lowest possible price for our products is always our utmost goal, and this is even more important in today's times of economic uncertainties and cost-of-living pressures."

All restaurant guests will also receive a 5-euro voucher to use in-store, the company added.

Ingka reported a sharp drop in net profit in fiscal 2024 after it spent more than 2.1 billion euros ($2.44 billion) investing in lower prices.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

June 25, 2025 05:57 ET (09:57 GMT)

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