Sweden's Ikea loses right to use its own name in Indonesia

A file picture of shoppers at an Ikea store in London. - Reuters

JAKARTA: Swedish furniture giant Ikea has lost the right to use its own brand name in Indonesia after a legal battle with a local company that claimed the trademark, court documents released earlier this week showed.

The court decision could make foreign companies even more cautious to invest in Southeast Asia's biggest economy, which is already growing at its weakest pace since the global financial crisis.