IKEA to expand to sultanate
Muscat - Home furnishing solutions Inter IKEA Systems B V recently announced its plans to start operations in Oman ‘during the coming years’. IKEA will also open in Mexico, Estonia, Ukraine, Puerto Rico, Luxembourg, Macau and the Philippines, a press release stated.
Other markets in South America will be served by IKEA franchisee Falabella, which will take the brand to Chile, Columbia and Peru. IKEA franchisees’ retail sales grew by 4.5 per cent in 2018. “Today retail sales, which include sales of both products and services to IKEA customers, amounted to € 38.8bn,” the release added.