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Ingka Centres, IKEA's malls division, announced in December 2021 that it would open two malls, anchored by IKEA stores, in Gurugram and Noida in India at a cost of around ₹ 9,000 crore (US$1.0 billion). Both malls are expected to open by 2025.
The group's Ingka Centres division has developed several shopping centres in which IKEA is the anchor tenant, including the MEGA malls in Russia. Beginning in 2020, the division has acquired existing complexes which will be renovated to include urban IKEA locations, including Kings Mall in London, 6x6 in San Francisco, and the retail podium of the Aura condominium towers in Toronto.
The IKEA stores in Russia were in connection with MEGA malls developed by IKEA. 5-6 new openings were originally planned by 2020. On 3 March 2022, INGKA holdings (parent company of IKEA Russia) announced that IKEA would suspend operations in Russia and pause sourcing in the country as a result of the Russian invasion of Ukraine. [138]
Ingka Group, the owner of most IKEA stores, reported on Friday a 9% rise in annual operating profit, as price increases helped it offset higher input costs as well as compensate for costs incurred ...
Gerard Groener, managing director of Ingka Centres, which has 45 shopping centres in Europe, Russia and China, said his company was in several negotiations for inner-city real estate.
Pages in category "Retail companies of India" The following 43 pages are in this category, out of 43 total. ... Metro Brands; More (store) N. Nalli (wardrobe store)
Shoppers wanted to be guided by the store throughout their shopping experience, Tolga Öncü, head of retail at Ingka Group, which operates much of IKEA’s stores, told the Journal.
This is a list of shopping malls in India, sortable by name, location, year opened and gross leasable area. Largest malls. Name Location Year Size (total area)