Ikano Retail, the IKEA franchisee in Singapore and 4 other countries, exceeds 1 billion Euro in sales for the first time
IKEA Singapore turnover up 6.5%
SINGAPORE – Ikano Retail, the IKEA franchisee that brings Swedish home furnishings to Singapore, Malaysia, Thailand, Mexico and the Philippines, posted SGD 1.63 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.