/C O R R E C T I O N -- IKEA/

In the news release, IKEA halves restaurant prices to side with customers amid cost-of-living pressures, issued 25-Jun-2025 by IKEA over PR Newswire, we are advised by the company that several changes have been applied in the release. The complete, corrected release follows:

IKEA halves restaurant prices to side with customers amid cost-of-living pressures

MALMÖ, Sweden, June 26, 2025 /PRNewswire/ -- Guided by the vision of creating a better everyday life for the many people, Ingka Group, the largest IKEA retailer, is stepping up efforts to support customers with low price while ensuring long-term growth. In many IKEA markets around the world*, the price of restaurant meals will be halved Monday through Friday, and children will eat for free**.

With hundreds of millions of guests visiting IKEA restaurants every year, the company aims to inspire a better everyday life through food that is healthier, more sustainable, and affordable. As part of ongoing investments in the in-store experience, Ingka Group is introducing lower food prices to help people stretch their budgets, nourish their families, and find a little more joy.

For example, in France, the price of lunch for a family of four, which includes two hot-meals with meatballs for adults and two meals for kids, will cost EUR 6.96 instead of EUR 19.9. In addition, all restaurant guests will receive a EUR 5 voucher to use in-store.

"Food has always been very important for IKEA, and we wanted to enable even more people to enjoy our restaurant offer while exploring our home furnishing range," says Tolga Öncü, Ingka Retail Manager (COO) at IKEA Retail (Ingka Group). "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."

At the same time, IKEA is refreshing its food offer with new dishes inspired by Asian flavours, expanding affordable, healthy options for customers.

"We always look for ways to bring more variety to our food offer, especially with new plant-based options," says Lorena Lourido Gomez, Global Food Manager, IKEA Retail (Ingka Group). "We will soon launch our very first falafel, adding this popular food to our restaurants and, later, to our Swedish Food Markets. Good quality, low price, and making a positive difference for the planet – those ingredients remain a guiding star for our food business."

Heading toward the end of FY25, IKEA remains focused on helping customers make the most of their finances while delivering value through both food and home furnishing.

*Austria, Canada, China, Denmark, France, Germany, Italy, Netherlands, Poland, Portugal, South Korea, Sweden, Switzerland, UK.

**Price decreases in restaurants will be activated at different times in different markets. The offer may vary by market. For more details, please contact the IKEA press office in your market.

www.ingka.com/newsroom/latest-news

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SOURCE IKEA