Ikea Puts Latin America, Southeast Asian Markets in Its Sights
- Furniture retailer considers Chile, Colombia and Mexico
- Total retail sales of all Ikea franchisees reach $45 billion
Ikea
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Ikea is planning to enter South America and expand in Southeast Asia in its quest to dominate the world’s home furnishings market.
Those regions are on the Swedish company’s radar after entries into India and Latvia this year, Inter Ikea Holding said Monday. Retail sales including all franchisees and customer services amounted to 38.3 billion euros ($45 billion) in the most recent financial year, which ran through August.