Tolga Öncü, Retail Operation Manager at Ingka Group, which owns Ikea, states to Lusa agency, that, in the fiscal year ending in August, Ikea's investment in Portugal reached the mark of 65 million euros, with an investment of around 60 million euros expected for the next fiscal year.

According to the head of the group, the growth recorded in Portugal is more than 11%, “almost double the world average”, noting that in Portugal “the entire home furniture sector has become larger.”

The company aims, among several plans, to restructure the Loures store, in the Lisbon district, as well as invest in the “parcel business for the whole of Portugal”, bypassing the dependence on Spanish warehouses.

“Instead of building a new warehouse in Portugal, we can use one of our large stores and transform it”, he indicated, highlighting that this is one of “the most interesting projects in Portugal” for the group.