Greece-based durable goods provider Fourlis Group said on Wednesday that it will start operating the first medium-size IKEA store in the Bulgarian city of Varna which will open next year.
“It will be the first, of a network of medium to small-size stores that Fourlis Group is planning to develop,” Fourlis Group said in a statement.
The new IKEA store, which will spread on 8,000 sq. m, will open in the second half of 2020.
The new store will be located in Delta Planet Mall shopping centre and will replace the existing IKEA order and pick-up point in Varna, IKEA Bulgaria said in a separate statement on Wednesday.
Fourlis Group is the exclusive franchisee of ΙΚΕΑ trademark in Bulgaria, Greece and Cyprus. According to the development plan for the three countries, five new medium-size IKEA stores (5,000 – 12,000 sq. m.) and 10 small-size stores (1,000 – 2,000 sq. m.) will open in the next five years, the group said.
In Bulgaria, Fourlis Group operates an IKEA store in Sofia, as well as three order and pick-up points – in Varna, Burgas and Plovdiv.