Ikea Builds Russia's Biggest Mega-mall

Russia's biggest mall is being constructed on the Moscow outskirts by Ikea.

1 minute read

July 11, 2002, 5:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Moscow's $250m (£161m) mega-mall will open in December, and promises to be one of the biggest innovations for local shoppers since the arrival of the city's first McDonalds fast food restaurant more than a decade ago... Ikea believes the centre will attract between 25 and 40 million visitors a year.... That would be highly lucrative if the mega-mall were in Europe, or North America, but in Russia the average wage is barely $150 a month."

Thanks to Jon Barker

Read the full story: Ikea builds Russian mega-mall

Friday, October 7, 2005 in BBC News

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