PETALING JAYA: Ikea, one of the world’s largest furniture retailer, is looking to ramp up its investments and expansion in Malaysia by investing RM300mil by year-end after investing RM2.1bil in the last three years. The Toppen shopping centre is Malaysia’s first southern region shopping centre anchored by the first Ikea store outside of the Klang Valley. “We are also seeing a steady increase in our e-commerce business – up more than 16% across Ikea South-East Asia from last year. For the financial year 2019 (FY19), revenues from Ikea stores and shopping centres in Malaysia grew by more than 15% - up almost RM200mil from last year. Ikea South-East Asia is one of the 12 Ikea franchisees in the world that own and operate stores.

Source: The Star October 21, 2019 00:33 UTC