Our Year: Ikano Retail FY24 Annual Report
Corporate News19 December 2024
As the cost of living increased, we sided with the many
Despite a challenging year for us, our IKEA business and IKEA-anchored shopping centres remained committed to our promise – to lower prices across our wide home furnishing range, IKEA food and services, while offering a great day out for our communities.
Our FY24 annual report is a colourful look back at a year where we saw turnover increase 1.3 percent year-on-year to EUR 1.09 billion.
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.