IKEA enters UK shopping centres market with London mall deal

STOCKHOLM (Reuters) - IKEA's shopping centre business is spending 170 million pounds to buy and upgrade a London mall in its first foray into Britain, betting it can win over a nation increasingly doing its shopping online.Ingka Centres, an arm of the world's biggest furniture retailer, said on Thursday it would put a new format IKEA store at the heart of the 27,000-square metre Kings Mall in London's Hammersmith district.It bought the mall from Schroder UK Real Estate Fund. The move comes as..