IKEA franchisee in Southeast Asia and Mexico grows turnover 3.3% during tough year
Corporate News15 October 2021
KUALA LUMPUR – Ikano Retail, the IKEA franchisee that brings Swedish home furnishings to Malaysia along with three other markets, posted MYR 3.6 billion in turnover in its last financial year – up 3.3% in a year marred by COVID closures and turbulent times for the company’s shopping centre business.
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.