First Moroccan IKEA will open later this year

First Moroccan IKEA will open later this year

Swedish furniture giant IKEA will open its first Moroccan store later this year, which is earlier than expected. Previously, the chain announced the expansion for 2015.

Casablanca

Ikea had announced the arrival of a Moroccan store back in 2013 and it added that it would build the store in the vicinity of Casablanca. It had pinned 2015 as the opening date, but it seems that things will be finished much faster. The Ikea store will be located in Zenata, a Casablanca suburb.

 

Ikea has collaborated with SYH Marokko, a subsidiary of Al Homaizi, to develop the store. The company from Kuwait has had Ikea's Middle Eastern franchise rights for the past 30 years. The new store will employ some 300 people, while it will help create another 300 jobs elsewhere.

Questions or comments? Please feel free to contact the editors


Europe will investigate Ikea's tax constructions

18/12/2017

The European Commission has officially opened an investigation into Swedish furniture chain Ikea’s tax constructions. The company has a main office in the Netherlands, but also circulates its profits to Liechtenstein and Luxembourg.

JYSK published record results once more

01/12/2017

Danish JYSK published a record 3.36 billion euro turnover in its 2016-2017 fiscal year. Backed by more than 2,500 stores worldwide, it achieved yet another record.

Ikea opens two Belgian hotels in 2019

01/12/2017

Swedish furniture chain Ikea will open two hotels in 2019, one in Antwerp and one in Ghent. Hotel chain Moxy, which it set up together with Marriot, is already present in New York, Paris, Tokyo, Chicago and London.

Ikea will invest in more Citystores

29/11/2017

Ikea wants to open smaller stores in city centers, starting in 2019. These stores should attract people without cars, a move that should tap into the world’s rapid urbanization and digitization.

CASA further expands web shop

24/11/2017

Interior design store chain CASA continues the rollout of its “click & collect” web shops. It already implemented this new formula in Belgium, France and Luxembourg, but will now tackle Switzerland, Spain and Portugal.

Amazon launches first own furniture brand

08/11/2017

American eCommerce giant Amazon has once more launched new private labels. This time, it has entered the sports clothing and furniture industries with its own brands.

Back to top