Icelandic businessmen who are planning to open Swedish furniture and home products company "Ikea" store in Lithuania are also considering expansion into the Latvian and Estonian markets, the Estonian newspaper "Aripaev" reports.
A year ago, "Ikea" spokesperson told the newspaper that the company was not planning to open stores in Latvia or Estonia, adding that "Ikea" stores could open in Lithuania in three to four years.
Now it has been decided that construction of an "Ikea" store not far from the Vilnius Airport will begin next spring.
"Ikea" is now also considering expansion into Latvia and Estonia, though this is not due to the company's own initiative, but two enterprising Icelandic businessmen - brothers Sigurdur and Jon Palmason.
The two businessmen's spokeswoman confirmed to "Aripaev" that they were planning to also enter the Latvian and Estonian markets.
"Once the Lithuanian store has been successfully launched, the next step is to open stores in neighboring states Latvia and Estonia," she said.
TALLINN, Jan 9 (LETA).
January 9, 2012