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13 May 2024 10:28
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  •   Home > News > Business

    Global retailer IKEA is pouring 407 million dollars into setting up in New Zealand

    Global retailer IKEA is pouring 407 million dollars into setting up in New Zealand


    It'll go into buying land, site development and construction - and store fit-out.

    It also covers recruiting about 400 workers - which began last week.

    Its first New Zealand store will open at Auckland's Sylvia Park next year.

    US company Costco spent more than 100 million developing its Westgate store.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     13 May: Thousands of Kiwi parents owe more than one-billion-dollars in child support - with some debts dating back more than 30 years
     12 May: One in every eight Auckland homes for sale is at risk of selling for a loss
     12 May: The top stars of the rural sector have been recognised at this year's Dairy Industry Awards
     11 May: Transpower says its contingency plan to remove transmission lines because of the extreme solar storm, should not impact supply of electricity to consumers
     11 May: One solar power company is urging the government to change regulations in the sector
     10 May: Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores
     10 May: The Warehouse Group's shopping website - The Market dot com - has failed to find a buyer, and will close in June
     Top Stories

    RUGBY RUGBY
    An Auckland rugby player's been left with critical injuries, after collapsing during a club match More...


    BUSINESS BUSINESS
    Thousands of Kiwi parents owe more than one-billion-dollars in child support - with some debts dating back more than 30 years More...



     Today's News

    Law and Order:
    A court's ruled against a serial paedophile who says a jail punished her for having consensual prisoner relationships 10:17

    Entertainment:
    Tom Selleck wrote his new memoir entirely by hand 10:11

    Law and Order:
    One of the survivors of sexual assault at Christchurch bar Mama Hooch is unsurprised to hear of three fresh historical complaints 10:07

    Tennis:
    Novak Djokovic loses to Alejandro Tabilo at Rome Masters, saying balance was off after water bottle incident 9:57

    Entertainment:
    Kim Kardashian has congratulated Hailey and Justin Bieber on their pregnancy news 9:41

    Accident and Emergency:
    A person's died following a crash in Northland last night 9:27

    Entertainment:
    Seann William Scott has finalised his divorce from Olivia Korenberg 9:11

    Soccer:
    Captain Alex Rufer has influenced a formidable Phoenix defensive showing in the first leg of their A-League semi-final against the Victory in Melbourne 8:07

    Law and Order:
    Emergency services are responding to a fire in Hillpark, in Auckland's Manurewa 8:07

    Sailing:
    To the waters of Szeged , Hungary for the latest canoeing World Cup.. 7:57


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