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Ikea reviews pounds 30m media account.(Brief Article)

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| October 10, 2003 | COPYRIGHT 2003 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Swedish furniture giant Ikea is reviewing its pounds 30 million pan-European media planning and buying arrangements.

The home furnishings retailer, which is big in markets including Sweden, the UK and Germany, currently uses agencies on a local market basis, but is looking at changing this.

One agency source said: 'Ikea is in the initial stages of deciding whether it is going to centralise.'

Ikea's international marketing team, based in Helsingborg in Sweden, has spoken to representatives from at least two international media networks about the possibility of it consolidating its business.

It is said to be keen to promote greater levels of shared learning and information exchange between media agencies in different markets as well as create efficiencies.

MediaCom handles Ikea's pounds 6 million planning and buying account ...

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