Men: IKEA Plans $250M Warehouse
Swedish furniture retailer IKEA plans to invest $250 million shifting its East European wholesale warehouse from Poland to the Moscow region, Interfax reported Thursday.
Swedish furniture retailer IKEA plans to invest $250 million shifting its East European wholesale warehouse from Poland to the Moscow region, Interfax reported Thursday.
IKEA could not be reached for comment. Deputy Moscow region Governor Mikhail Men told Interfax that a site for the warehouse has been chosen in the Solnechnogorsky district.
"From Leningradskoye Shosse it will be easy to deliver goods from the Moscow region to Europe using road freighters," he said. The investment in the land and buildings will total $250 million in 2002 and 2003, the report said. IKEA has two stores in
IKEA country manager Lennart Dahlgren said in December that IKEA plans to open five to six stores in Moscow, one or two in St. Petersburg and 10 in other Russian cities.
The Moscow Times