postpones Thailand move
Ikea, the Swedish retailer known around the
world for its flatpack furniture, has put plans
to expand into Thailand firmly on the shelf
amid an increasingly uncertain environment for
The Daily Telegraph can reveal that the lingering
after-effects of last year's military coup and
a series of tougher laws on foreign ownership
have prompted Ikea to postpone a move into one
of south-east Asia's most important economies.
The delay reflects growing nervousness among
overseas investors following Draconian revisions
to Thailand's Foreign Business Act and the publication
of draft legislation covering the retail sector
which may have a serious impact on Tesco and
Carrefour, the French supermarkets group.