Business news from Ukraine


11 October , 2018  

Sweden’s IKEA company, the largest furniture and household goods retailer in the world, plans to open stores in Ukraine, including large ones (30,00 square meters) in the future shopping and entertainment centers of Mandarin Plaza, the founder of the company Vagif Aliyev has said. “We have been negotiating with H&M and with IKEA for 16 years… After [the store with an area of] 5,000 square meters [the opening in the Ocean Mall shopping center of which is scheduled for the end of 2019], we will open IKEA [stores with an area of] 30,000 square meters throughout Kyiv in our large shopping and entertainment centers,” Aliyev, who creates a network of 10 shopping and entertainment centers, said at a press conference in Kyiv on Wednesday.
According to him, after the construction of the Ocean Mall shopping center and the Blockbuster Mall shopping center is completed, the developer intends to start implementing the Lesnaya shopping mall (opening in 2020) and the Hippodrome (Yuzhny) shopping and entertainment center, where IKEA can also be opened.
Aliyev said that three or four stores of the Swedish retailer in his mall will have 5,000-7,000 square meters, another three – 30,000 square meters. At the same time, he said that IKEA will not be opened at the Lavina Mall shopping center and the Blockbuster Mall shopping center.
In turn, the representative of IKEA South-East Europe Vladyslav Lalich neither confirmed nor refuted the words of the developer, saying only that the company “really plans to stay in Ukraine for a long time, but develop step by step.”
“We want to combine the opening ceremony of our first IKEA store with the opening of the Ocean Mall shopping center at the end of summer next year. At the time of opening, the store will have 3,600 SKU (product names), but their number will double in half a year,” Lalich said.

, ,