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IKEA to invest up to 3b euros in shopping centres

It's especially keen on China and Russia where retail sector is growing out of nothing
Monday, April 20, 2015 - 05:50

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Despite a sluggish economy, IKEA's European centres saw on average a 2 per cent like-for-like rise in visitor numbers last year.

Copenhagen

IKEA, the world's biggest furniture retailer, plans to spend up to three billion euros (S$4.3 billion) on new shopping centres over the next five to seven years, aiming to cash in on the popularity of its stores by collecting rent from retailers keen to set up nearby.

sentifi.com

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