Ikea debut is due for Philippines

Publication

18 May 2017 à 11h35

Updated on 10 May 2019 à 17h49

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1 minute

Publication: 18 May 2017 à 11h35, Updated on 10 May 2019 à 17h49

Reading time: 1 minute

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Publication

18 May 2017 à 11h35

Updated on 10 May 2019 à 17h49

Reading time

1 minute

Publication: 18 May 2017 à 11h35, Updated on 10 May 2019 à 17h49

Reading time: 1 minute

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As Ikea won the Philippines’ Board of Investment (BOI) approval in November 2016, a first Ikea store is soon expected in Manila. Under current legislation, foreign firms eager to start a local business must have five years of experience as retailers, operating at least five retail branches in global locations or having at least one store worth US$25 million. In Hong Kong, Indonesia and Taiwan, Ikea is operated by a subsidiary of Dairy Farm International, based in Hong Kong. In Singapore,...

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