Companies in the timber industry / Daily News / Furniture / Wood Products / Europe / Global / South America
June 6, 2018

IKEA announces expansion in South America

IKEA announces expansion in South America
On May 17th S.A.C.I. Falabella and Inter IKEA Systems B.V., owner of the IKEA Concept and international franchisor of IKEA, signed a memorandum of understanding for the granting of franchise rights in Chile, Colombia and Peru to S.A.C.I. Falabella.    The objective is to open at least nine stores in Chile, Colombia and Peru in a period of 10 years, along with online sales channels for these three countries. It is expected that the first store will open in the city of Santiago at the end of 2020, to continue ...

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