IKEA to invest Rs 3k crore for three centres

Source: The Hitavada      Date: 06 Oct 2018 11:07:53


 

HYDERABAD,

(PTI),

SWEDISH furniture and home accessories company IKEA plans to invest nearly Rs 3,000 crore in the next three years to open three fulfilment centres (packing warehouses) in Mumbai, Bengaluru and Delhi.

The company would open the centres as an omni-channelling brand with large IKEA stores, city centre stores and online presence, Deputy Country Manager (Management) of IKEA India, Patrik Antony told PTI here on Friday.

IKEA is set to open its second store in Mumbai later this year, and would hold a ground-breaking ceremony on Oct 11 in Bengaluru, he said.