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Ikea launches Ikea Preowned to compete with eBay, FT reports

Ikea is planning to release a marketplace for customers to sell secondhand furniture to each other, which will compete with the likes of eBay, Craigslist, and Gumtree, Richard Milne of The Financial Times reports. Ikea Preowned will be tested in Madrid and Oslo until the end of the year with intentions to roll out the platform globally, according to Jesper Brodin, Chief Executive of Ingka.

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