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Ikea's shopping mall arm plans US entry in major play

Ingka Centres is in several negotiations for inner-city real estate, with New York and Los Angeles high on its wish list

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In China, footfall at Ikea's Beijing and Wuxi centres in April was at 67 per cent and 81 per cent respectively of the levels seen a year earlier.

Stockholm

IKEA'S shopping malls business, one of the world's biggest, is looking to enter the US in the next couple of years and is in talks to snap up central properties in major cities.

Gerard Groener, the managing director of Ingka Centres, which has 45 shopping centres in...

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