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IKEA enters UK shopping centres market with London mall deal

FILE PHOTO: Swedish furniture giant IKEA store before its opening in the heart of Paris
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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..
Date Published: Jan 09, 2020
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