Our Year: Ikano Retail FY23 Annual Report
Corporate News22 December 2023
Our FY23 annual report looks back at a year where we’ve move steadily forward despite tough economic times. We reached a record 120 million visits at our stores and centres, increased total turnover by 2.1 percent to EUR 1.08 billion, and grew our Ikano Retail family to 5,254 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.