IKEA Malaysia, which plans to achieve up to RM500mil in sales in the next five to six years, is investing RM120mil to develop Power Centre, a three-storey retail complex next to its newly opened flagship store in Mutiara Damansara, Kuala Lumpur.
IKEA Group of Companies chairman Hans Goran Stennert said Power Centre was an American term for a cluster of major retail players in a single location with only a few smaller supporting retailers.
