Ikano Retail, the IKEA franchisee that is bringing Swedish home furnishings and the world’s largest IKEA store to the Philippines, posted P42 billion in turnover in four markets during its last financial year, up 3.3 percent during the pandemic year marred by business closures and turbulent times fo
Ikano Retail, one of the franchisees of IKEA, said it recorded a turnover of P42 billion in financial year (FY) 2021 ending August 31, up 3.3 percent from the previous year. The Swedish home furnishings firm, which still has to open the world’s largest IKEA store in the Philippines, said…