“Swedish furniture giant Ikea has robust finances despite the economic crisis and will more than double the pace of its new store openings. ‘Thanks to our very strong finances, we have the possibility to invest the significant sums that are needed, even when times are tough in general,’ said Goeran Grosskopf, chairman of the Ingka Holding parent company that comprises all of the Ikea businesses. ‘By 2020 we aim to have almost doubled Ikea’s size,’ he added. Ikea plans to build 20 to 25 new stores per year by 2020 compared to the current rate of six to 10 per year. That is also expected to create tens of thousands of jobs worldwide.”
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