Connect with us
CGIF-10th-Year-Anniversary

Corporate

Ikea completes roofing part of its first store in Thailand

The first Ikea store in Thailand and the biggest in Southeast Asia will celebrate its roof capping today from 6:30-9:30pm with a traditional Swedish party under the theme of “Wholeheartedly Warm”. The event will mark the finish of the store’s main building and the beginning of the next step towards interior design and merchandise planning to get the world-famous Swedish home furnishings mega store alive and kicking by the end of the year.

Avatar

Published

on

The first Ikea store in Thailand and the biggest in Southeast Asia will celebrate its roof capping today from 6:30-9:30pm with a traditional Swedish party under the theme of “Wholeheartedly Warm”. The event will mark the finish of the store’s main building and the beginning of the next step towards interior design and merchandise planning to get the world-famous Swedish home furnishings mega store alive and kicking by the end of the year.

 

 

“Ikea Bangna will be ready to provide customers with the ultimate Ikea experience on November 3,” said Tom Huzell, managing director of Ikano (Thailand) Ltd, the Ikea franchisee that holds licences for Singapore, Malaysia and Thailand.

The highlight of the event will be the screening of a mockumentary made by Chulalongkorn University students that features the transformation of derelict street scenes into comfortable atmospheric spaces. There will also be an exhibition area showcasing the Ikea business model: To offer a wide range of well-designed and functional home furnishing products at low prices so as many people as possible can afford them.

via Bangkok Post : Ikea plans a very warm welcome for its first store in Thailand.

Ikea, plans to invest another Bt6 billion in Thailand to open its second and third stores in western and northern Bangkok in the near future.

Both new stores, which will be opened within the next five years, are anticipated to be similar in size to the first Bangkok Ikea in Bang Na, which will have 43,000 square metres of total retail space when it opens late this year.

The move is in line with the company’s ambition to become the No 1 homefurnishing company in Thailand.

The company yesterday announced its would open Ikea Bangna in November.

The store, with about 1,300 free parking spaces, will be the largest Ikea outlet in Southeast Asia. It will employ about 400 people and reflect the same unique architectural design for which Ikea stores are known worldwide.

Ikea Bangna is 100 per cent owned by Ikano. Mega Bangna, the mall it will anchor, is 49 per cent owned by Ikano and 49 per cent by Siam Future Development.

In addition to Thailand, Ikea plans to open its second store in Kuala Lumpur within the next two years, while the third store will be opened at Johor Bahru, Malaysia’s secondlargest city, within the next three to four years.

Tom Huzell, managing director of Ikano Retail Asia, the Ikea franchisee holding licences for Ikea in Singapore, Malaysia and Thailand, said the company expected to open its second Ikea store in Bangkok within the next three years. Meanwhile, the first store is anticipated to reach annual visitor traffic of 6 million people within the same threeyear period.

Comments

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Olivier Languepin

Published

on

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending