Home Business NewsBusinessBusiness Growth News Ikea to open new store in Oxford Street next year

Ikea to open new store in Oxford Street next year

by LLB staff reporter
24th Aug 23 1:14 pm

Ikea has announced that they have pushed back their opening date for the new Oxford Street store until next year.

Work is being undertaken at the old Topshop flagship London site which started last year and will now open in the autumn of 2024.

The new Ikea store will have a deli selling their famous meatballs, a market stall and a showroom and will in total offer around 6,000 products.

Peter Jelkeby, chief executive and chief sustainability officer of Ikea UK, said,“We’re incredibly excited to be bringing Ikea to the heart of London’s vibrant retail scene on Oxford Street, which is a major milestone in our continued expansion plans across the capital.

“By having a presence at one of the most iconic shopping destinations in the world, we’re taking a significant step forward in our ongoing journey to make it easier to shop with Ikea – whenever, wherever and however customers choose.”

Ingka Investments managing director Peter van der Poel said, “When refurbishing this over 100-year-old historic landmark, it’s important for us as an investor to treat the building with care and to preserve its characteristics and atmosphere.

“At the same time, we want to upgrade it to today’s standards with the best possible sustainability credentials.

“To ensure all of this, the extensive refurbishment will take more time than initially anticipated and Ikea Oxford Street city store is now expected to open in 2024.”

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