In Brief: IKEA to Launch Hotel Chain, Restoration Hardware CEO Resigns, Fab Teams with Blu Dot
Blu Dot’s Real Good Chair, Medium Strut Table, and Perimeter Light, part of a custom color collaboration with Fab.
• Perhaps envisioning the day when the globe will be saturated by Ektorp sofas, IKEA is diversifying. The company’s real estate development arm is building an IKEA village, “Strand East,” on 26 acres in London. Expect underground parking and plenty of meatballs. Meanwhile, those who can’t score one of the 1,200 new homes in IKEAville will soon be able to spend the night in an IKEA-owned hotel.
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