IKEA regional expansion programme to cost €2bn

IKEA regional expansion programme: Swedish retailer IKEA is planning to invest €2bn over the next five years expanding its network of shopping malls across Russia. The company already operates 14 shopping centres under the MEGA brand name and now plans to build a new 215,000m² outlet in Mytishchi north-east of Moscow and further centres in St. Petersburg, Voronezh, Perm and Krasnoyarsk. The Moscow Times