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Ikano Retail, the IKEA franchisee in Malaysia and 4 other countries, exceeds 1 billion Euro in sales for the first time

IKEA Malaysia turnover up 35% from previous financial year
Corporate News14 October 2022

IKEA Malaysia turnover up 35% from previous financial year

KUALA LUMPUR – Ikano Retail, the IKEA franchisee that brings Swedish home furnishings to Malaysia, Singapore, Thailand, Mexico and the Philippines, posted MYR 5 billion (EUR 1.01 billion) in turnover in its 2022 financial year – up 41.2% from last year. With 13 IKEA stores and five IKEA-anchored shopping centres in its portfolio, Ikano Retail is one of 12 IKEA franchisees around the world.