NETHERLANDS - At Choose France Summit organized on May 15th by the French presidency, Ikea announced an investment of around EUR 1.2 billion  in France for the period 2023-2026.

The company will accelerate its omnichannel transformation and accessibility in France, while contributing to sustainability and energy transition. This is the next step for Ikea to move forward on its strong direction – to create a better Ikea that is more accessible, sustainable and affordable for the many people and generations to come.

France is an important market for Ikea and Ingka Group and this investment marks the next step of the development in the country. Building on the Ikea vision to create a better everyday life for the many people by opening new locations, strengthening the fulfilment network as well as reducing its climate footprint. Paris is a prioritized market. Ingka Centres acquired Italie 2 shopping centre – more than 85 000m² of prime retail and office space will be united into a modern urban meeting place. Moreover, Ikea invests in existing stores. For example, Ikea Décoration Paris Rivoli will evolve to better answer the needs of Parisians.

In addition, Ikea France will strengthen its fulfilment network to become more accessible whenever, wherever and however customers would like. The company aims to open additional distribution centers, in Toulouse by 2024 and in Limay by 2026. Limay is directly connected to the river Seine and will support in the continues journey of river deliveries for Parisian customers, already operational from Gennevilliers warehouse since December 2022.

Ikea remains committed to the Paris Agreement limiting global warming to 1.5°C by reducing its climate footprint in line with sciences.  Since baseline year FY16 the company has globally achieved a reduction of 13.6% while still growing the businesses with 24.2%. In France, the company already produces more renewable energy than it consumes[3], and will accelerate its investments in a solar park in Langeron, with an estimated annual production of 23 GWh per year, equivalent to the annual consumption of over 6000 households. The project is scheduled to become operational in 2024.