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SM to build IKEA's first store in Philippines: report

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ABS-CBN News

MANILA - The Philippines&#x27; largest shopping mall operator, SM Prime Holdings, will build the first store of Swedish furniture company IKEA in the Philippines, Bloomberg reported Friday.The IKEA store will be built in SM&#x27;s Mall of Asia (MOA) Complex, home to one of its largest malls, an events arena, and a Conrad hotel branch, SM Prime Vice President Alex Pomento was quoted as saying.Josefin Thorell, spokesperson of Inter IKEA Systems, first confirmed to ABS-CBN News IKEA&#x27;s planned Philippine foray in February.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/02/21/18/ikea-to-open-stores-in-philippines-looking-for-designer">IKEA to open stores in Philippines, looking for designer </a></li></ul>IKEA&#x27;s simple but sturdy designs and self-assembly products are now familiar in homes around the globe, and the retailer is aiming to generate 50 billion euros ($62 billion) in annual revenues by 2020.

MANILA - The Philippines' largest shopping mall operator, SM Prime Holdings, will build the first store of Swedish furniture company IKEA in the Philippines, Bloomberg reported Friday.

MANILA - The Philippines' largest shopping mall operator, SM Prime Holdings, will build the first store of Swedish furniture company IKEA in the Philippines, Bloomberg reported Friday.