News | Business
30 Apr 2024 17:46
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    A highly anticipated debut with an extremely high price point

    A highly anticipated debut with an extremely high price point


    IKEA is pouring 407-million dollars into setting up its New Zealand retail business.

    The money will go towards buying land at Sylvia Park, developing the site and fitting out the store - as well as recruiting about 400 workers.

    First Retail Group managing director Chris Wilkinson says big international retailers usually take smaller steps into the New Zealand market.

    He says in this case IKEA's invested in things like forestry, elsewhere in the country.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     30 Apr: A South Auckland business group has helped Police make an arrest
     30 Apr: Delays to a 2.4 million dollar park in the works near Wellington Airport
     30 Apr: Acknowledgement Pharmac's record funding-boost, will address the fiscal cliff it faces
     30 Apr: Auckland Council is hitting back at criticism over Queen Street upgrades
     29 Apr: Farmers are continuing to pay well for good people in spite of industry challenges
     29 Apr: Positivity - over big increases in farm pay over the past two years
     29 Apr: Pain at the pump for motorists
     Top Stories

    RUGBY RUGBY
    Former All Blacks and Warriors doctor John Mayhew hopes the NRL applies common sense amid renewed calls to change or ban the kick-off after a spate of injuries More...


    BUSINESS BUSINESS
    A South Auckland business group has helped Police make an arrest More...



     Today's News

    Entertainment:
    Lewis Capaldi is said to be aiming to put together a celebrity football team 17:44

    Motoring:
    The LA Lakers are OUT of the NBA basketball playoffs, pipped at the post in Game 5 on the road against Denver 17:27

    Entertainment:
    Bryce Dallas Howard "can't be trusted around famous people" because she's so easily star-struck 17:14

    Law and Order:
    Police are asking the public for information about a stolen ute that crashed in Otaki on Friday, killing one and injuring others 16:57

    Rugby League:
    Panthers re-sign rising outside back Paul Alamoti on one-year deal 16:57

    Entertainment:
    Mira Sorvino is "gutsick" Harvey Weinstein's 2020 convictions in New York have been overturned 16:44

    Law and Order:
    Hamilton Police are asking the public for help as they investigate a woman being badly beaten - allegedly with a hammer 16:17

    Entertainment:
    The Spice Girls' reunion plans are said to be in "chaos" after Geri Horner allegedly refused to film a documentary 16:14

    Living & Travel:
    Prince William and Catherine post new photo to mark 13th wedding anniversary 15:57

    Entertainment:
    Kelly Osbourne "almost died" when she was shot in the leg by her brother Jack 15:44


     News Search






    Power Search


    © 2024 New Zealand City Ltd