IKEA Confirms Penang Outlet Will Open in 2018!

Great News to Penangpee, according to The Star Newspaper, The first IKEA store in the northern region will open in Penang by the third quarter of 2018.

Ikano Pte Ltd, the owner of the IKEA franchise holder in Singapore, Malaysia and Thailand, said work at the Batu Kawan site had started and plans were now underway to prepare a 24-acre plot for the development. The IKEA store will bring affordable range of functional home furnishings to the northern region, along with hundreds of job and economic spin-off opportunities for the local community.

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IKEA is a multinational group of companies that designs and sells ready-to-assemble furniture (such as beds, chairs and desks), appliances and home accessories.

The company is known for its modern architectural designs for various types of appliances and furniture, and its interior design work is often associated with an eco-friendly simplicity.In addition, the firm is known for its attention to cost control, operational details, and continuous product development, corporate attributes that allowed IKEA to lower its prices by an average of two to three percent over the decade to 2010 during a period of global expansion. The IKEA group has a complex corporate structure, the purpose or one of the purposes of which may be to avoid tax, and is controlled by several foundations based in the Netherlands, Luxembourg and Liechtenstein.

The IKEA product range is wide in several ways. First, it’s wide in function: you’ll find everything you need to furnish your home, from plants and living-room furnishings to toys and whole kitchens. Second it’s wide in style. The romantic at heart will find just as much as the minimalist. And finally, by being coordinated, the range is wide in function and style at the same time, and at all times. No matter which style you prefer, there is something for everyone.

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