Ikea builds solid growth

Ikea, the Swedish retailer of build-it-yourself home products, has reported turnover growth in Switzerland of SFr900 million ($804 million) for 2008, up 15 per cent.

This content was published on September 15, 2008 - 18:08

The number of customers at the company's seven Swiss stores also rose on 2007, by 12 per cent to 11.4 million.

Ikea on Monday put the healthy figures down to the opening of the store in St Gallen in September 2007 and the recent renovation of the store in Bern.

It added that business in their kitchens, bedrooms and living rooms was especially good.

Lausanne is home to 82-year-old Ikea founder Ingvar Kamprad, whose $31 billion (SFr34.7 billion) fortune makes him Switzerland's richest citizen and the seventh richest in the world.

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