Mega Ikea to open in China

Swedish furniture group Ikea, which is looking to grow in China, will open a flagship outlet in Beijing on Wednesday, its biggest store outside of Sweden, the company said.

“We have closed our old store in Beijing and we are opening a new one,” Ikea spokeswoman Charlotte Lindgren told AFP.

The new store will be 43,000 square meters (462,848 square feet), second only in size to the Stockholm showroom, which covers 55,000 square meters (592,015 square feet).

The Swedish multinational has opened four stores in China since 1998, including two in Shanghai, she said.

“We have great ambitions in China where we want to open new stores,” she said, adding however that no others were under construction for the timebeing.

Almost 20 percent of Ikea’s furnishings sold worldwide are “made in China”.

“Our prices in China have been reduced since we opened our first store,” Lindgren said.

Ikea has 231 stores in more than 30 countries.

On April 24, the company is to open its first store in Japan, in Tokyo, and it is scheduled to open another in Yokohama in September.