Ikano Retail FY22 Annual Report
Corporate News21 December 2022
We’ve become a big company with ‘small company’ spirit
Our FY22 annual report is a colourful look back at how we used our ‘small’ company spirit to become a big company in the last year. We reached a record 113 million visits at our stores and centres, exceeded EUR 1 billion in turnover for the first time, opened the world’s largest IKEA store and grew our team to more than 5,000 co-workers.
About Ikano Retail
Ikano Retail is one of 12 IKEA franchisees. We create a better everyday life in Singapore, Malaysia, Thailand, Mexico and the Philippines by offering well-designed, functional home furnishing products at prices so low that as many people as possible are able to afford them. Our Ikano Centres, anchored by IKEA, are retail destinations at the heart of our communities. We also invest in real estate to develop places for people to live, work and play. We are the only franchisee owned by the family of Ingvar Kamprad, who founded IKEA in 1943.