JALISCO, Mexico - Mexican media outlets are reporting that Swedish furniture giant Ikea will open its first store in the country.
Ikea has said very little about its plans in Mexico, but is apparently opening a store and manufacturing facility in Jalisco, a state in the western region of the country. Informador is reporting that a three-year-long negotiation process took place between the furniture giant and state authorities and the municipality of Guadalajara.
There are no reported incentives. Investment and employment figures have not been disclosed.
The state's furniture manufacturing sector could experience an "unprecedented" boost with Ikea's arrival, says Mexico News Daily.
Ikea has been expanding on both sides of the globe. It recently opened its first furniture assembly shop in India, hiring 150. The company also bought a 25,000-acre forest in Alabama earlier this year.
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