Ikea Takes Aim At Red Tape
Ikea has big expansion plans, but its departing CEO says red tape is a headwind for those plans. CEO Mikael Ohlsson said the amount of time it takes to open a store has roughly doubled in recent years. “What some years ago took two to three years, now takes four to six years." The company plans to grow rapidly on several continents through 2020, spending up to €15 billion ($20 billion) starting next year.