1. IKEA Global
  2. Newsroom
  3. Retail news
  4. IKEA to open store in Latvia
A blue and yellow IKEA store sign against a blue sky.

Published 01 February 2017 • Inter IKEA newsroom

IKEA to open store in Latvia

The first IKEA store in Latvia is planned to open end of August 2018. The store will be operated by SIA, part of Miklatorg Group, by franchise agreement with Inter IKEA Systems B.V. Pending approvals, construction of the IKEA store will begin in spring of 2017.

"I am very happy for IKEA Retail Latvia. To be on this journey and together reach out to the many people in Latvia to offer them our well-designed, well-functioning, sustainable home furnishing products at a low price, is an exciting feeling," says Torbjörn Lööf, CEO of Inter IKEA Group.

The decision to enter a new country is made by Inter IKEA Systems. Thorough market studies are carried out and franchisees are carefully evaluated. Today there are 392 IKEA stores in 48 markets, operated by 13 groups of franchisees. The franchise agreement gives the franchisee the right to operate an IKEA store in accordance with franchisor’s systems and methods. IKEA franchisees get access to one of the world’s most well-known trademarks.

Download assets

About IKEA

IKEA offers well-designed, functional and affordable, high-quality home furnishing, produced with care for people and the environment. There are several companies with different owners, working under the IKEA Brand, all sharing the same vision: to create a better everyday life for the many people. IKEA was founded in Sweden in 1943.

About the IKEA franchise system

The IKEA retail business is operated through a franchise system with franchisees that are authorised to market and sell the IKEA product range within specified geographical territories. Inter IKEA Systems B.V. is the owner of the IKEA Concept and worldwide IKEA franchisor, who also assigns different IKEA companies to develop the product range, supply products and deliver communication solutions. Today, 12 different groups of companies have the right to own and operate IKEA sales channels under franchise agreements with Inter IKEA Systems B.V.

About Inter IKEA Group

Inter IKEA Group includes Inter IKEA Systems B.V., IKEA of Sweden AB, IKEA Supply AG and IKEA Industry AB related businesses. Inter IKEA Holding B.V. is the holding company for the Inter IKEA Group.

Contacts

IKEA Franchising

If you want to know more about the IKEA Brand, our people and sustainability agenda, our culture and values, the IKEA expansion and franchise system, please contact us here:

Netherlands

media.franchisor@inter.ikea.com

+31621240618