Guest wowpow Posted September 23, 2007 Share Posted September 23, 2007 Ikea delays Thai plans as government moves to tighten foreign ownership laws Last Updated: 12:51am BST 23/09/2007 WHAT price flatpack furniture in Bangkok? Ikea, the Swedish retail group, has put plans to expand into Thailand firmly on the shelf amid an increasingly uncertain environment for multinational investors. 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.... Full article http://www.telegraph.co.uk/money/main.jhtm...2/cclife122.xml Quote Link to comment Share on other sites More sharing options...
