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Hero will add at least three new IKEA stores

01 March 2019 03:05 PM  Company: PT. Hero Supermarket Tbk[HERO]
Rp. 885  0 (0%)

JAKARTA - PT Hero Supermarket Tbk (HERO) has prepared at least three locations for new IKEA stores that will be opened this year to increase its revenue.

Patrik Lindvall, President Director of PT Hero Supermarket Tbk (HERO) stated that the company would continue to invest in IKEA's business by opening new stores. "We are revitalizing and re-launching the online platform of IKEA," he said as cited from the company's disclosure of information.

According to him, the company has built the second IKEA store in Jakarta Garden City. Also, the company has got a new location for the next IKEA store in Bandung, West Java, and has been processing to convert a Giant Hypermarket to become an IKEA store. This IKEA will become a pilot project regarding the reuse of the food business that performed badly to accelerate the expansion of IKEA's business. (LK/AR) 

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