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  1. Chriscraft

    Chriscraft DI Member

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    It is actually IKANO that are holding the franchise as for most other outlets in the world! IKANO is basically an IKEA owned company. Phillipines was always considered a suitable market but domestic laws has been the obstacle. Same thing in Thailand until a couple of years ago when IKEA opened their first Thai operation south of BKK. There is also an IKEA warehouse in Phuket now. I am sure there will be "out-of-stock" items. Happens all the time even in Sweden.
     
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    Chriscraft, Mar 31, 2019
    #13
  2. SkipJack

    SkipJack DI Senior Member

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    Yes, retail trade enterprises with paid up capital in excess of US 2,500,000 can be owned by foreigners. As per the negative list:
    http://www.officialgazette.gov.ph/downloads/2018/10oct/20181029-EO-65-RRD.pdf
    I am sure an IKEA store has much more than US 2,500,000 invested in inventory alone.
     
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    SkipJack, Mar 30, 2019
    #11
  3. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I found the blueprint for the new IKEA in Manila:
    IKEA.png
     
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    Rye83, Mar 25, 2019
    #7