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A £385M deal could leave pension holders out of pocket.
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The Swedish furniture giant is closing its 115K SF store at the Rego Center Mall in Queens.
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The company has announced plans to invest more than $3B to transition some of its big-box stores to digital order fulfillment centers.
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Ingka Investments is focusing on small projects that are ready to go
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The Swedish furniture giant plans to seriously build up its U.S. presence.
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Ingka Centres is debuting the concept in a San Francisco mall that has been vacant since construction was completed in 2016.
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San Francisco's new Market Street Ikea is just a part of the retailer's larger plan with its meeting place development.
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Ikea would pay £175M for a shopping centre in Brighton if the deal completes.
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Ikea is to open its new logistics centre in January as the Swedish retail giant ramps up expansion plans for Ireland.
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Ingka Group, the operator of most Ikea stores, plans to add more malls to its real estate portfolio.
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