IKEA is now planning to open one of its large-format stores in Mumbai
IKEA is holding discussions with the government on increased import taxes
Coronavirus has also affected the business of IKEA in India
In a bid to increase the offline presence in India, Swedish furniture retailer IKEA is now planning to open one of its large format store in Mumbai. Speaking on the sidelines of Retail Leadership Summit in Mumbai, IKEA India’s managing director Peter Betzel said that the company will also open a store in Navi Mumbai in the next few months.
In addition to the large format store, IKEA is also planning to open at least one small store in Mumbai by the end of 2020 to strengthen its position in the financial capital of India. IKEA is already working on these smaller stores which are located in South Mumbai, as well as western and central suburbs of the city. The company has selected Turbhe for its first store in Navi Mumbai, according to a Business Standard report.