Ikea starts building store in southwest province of Yunnan
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Ikea China has started construction of its first store in Yunnan.
The southwestern Chinese province will see its first Ikea outlet in its capital city of Kunming, scheduled to open at the end of next year. The firm is investing more than RMB1 billion (US$141 million) into the 120,000sqm three-story development.
Ikea China area director Lukasz Ostrowski said that the firm has full confidence in the future development of its Chinese business, following more than two decades of rapid and accelerating expansion.
Upon completion, Ikea is anticipated to be operating 35 stores in Mainland China.
Questions & Answers
Q.Where will the new Ikea store in Yunnan be located?
Where will the new Ikea store in Yunnan be located?
The new Ikea store will be built in Kunming, which is the capital city of the southwestern Chinese province of Yunnan. It will be the first Ikea outlet in that province.
Q.What is the size and financial investment for this new Ikea development?
What is the size and financial investment for this new Ikea development?
The new development will be a 120,000 square metre, three-story building. Ikea is investing over RMB1 billion, which is equivalent to US$141 million, into the project.
Q.When is the new Ikea store in Yunnan expected to open?
When is the new Ikea store in Yunnan expected to open?
The new Ikea store in Yunnan, located in Kunming, is scheduled to open at the end of next year. This will mark its completion and beginning of operations.
Q.How many stores will Ikea operate in Mainland China once this new outlet is finished?
How many stores will Ikea operate in Mainland China once this new outlet is finished?
Upon the completion of the new store in Yunnan, Ikea is anticipated to be operating a total of 35 stores across Mainland China. This is continued expansion.