Ikea to invest EUR 1.5b in Italian projects

Swedish low-cost furniture giant Ikea plans to boost its presence in the Italian market with the investment of up to EUR 1.5 bn in new projects over the next four years. In an interview with Italian financial newspaper Il Sole 24 Ore, Ikea's Italian CEO Roberto Monti said that the company plans to double its centres in the country to 30-40 in 2013, from 15 at present.

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