Retail in Asia

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Ikea to open second store in Thailand

Swedish furniture store chain Ikea will open a second branch in Thailand at CentralPlaza Westgate shopping complex in Nonthaburi’s Bang Yai district in the next two years.

Instead of building the second store on its own land as previously planned, Ikea has chosen to rent 40,000 square metres of space at CentralPlaza Westgate from SET-listed Central Pattana Plc (CPN).

Christian Rojkjaer, managing director of Ikano Ltd, Ikea’s investment arm, said his company was in the process of store planning and conducting market research.

(Source: Bangkok Post)