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23 May 2024 8:51
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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
     23 May: The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate
     23 May: A new bill to allow consumers to share their data with companies, hopes to give people more power
     23 May: Parts of our economy are continuing to provide inflation pressures for the Reserve Bank
     22 May: Victims, families, communities – domestic violence has a price the entire nation pays for
     22 May: Diverse imports have been identified as one of the keys to Napier Port's financial success
     22 May: The Reserve Bank is predicting monetary policy will have to stay tight
     22 May: Financial abuse in relationships and ways to protect yourself
     Top Stories

    RUGBY RUGBY
    Aaron Smith is advocating a 'Giteau-Law' type rule for All Blacks selection from abroad and believes the selection criteria will change in this World Cup cycle More...


    BUSINESS BUSINESS
    The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate More...



     Today's News

    Law and Order:
    The person behind the South Auckland hotel shooting last night remains at large 8:47

    Politics:
    UK general election called for July 4, Prime Minister Rishi Sunak makes surprise early announcement 8:47

    Living & Travel:
    Are some routes more prone to air turbulence? Will climate change make it worse? Your questions answered 8:37

    Entertainment:
    Victoria Monet has been forced to cancel shows while she deals with her "ongoing health issues" 8:36

    National:
    UK election called for 4 July – what happens next? 8:27

    Rugby:
    Aaron Smith is advocating a 'Giteau-Law' type rule for All Blacks selection from abroad and believes the selection criteria will change in this World Cup cycle 8:17

    National:
    Norway, Ireland, Spain recognise Palestinian statehood: what this means for Middle East peace – expert Q&A 8:17

    Law and Order:
    Australian mother accused of bringing heroin and cocaine into Taiwan as part of 'drug transport syndicate' 8:17

    Business:
    The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate 8:17

    Soccer:
    A longer contract for Phoenix football coach Giancarlo Italiano appears imminent 8:07


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