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Ikea targets China, India expansion to meet sales growth aim

  Bloomberg Ikea Group laid out plans to accelerate its expansion in China and open its first store in India as the world’s largest furniture retailer seeks to boost sales by almost 50 percent over the next four years. In China, where the company opened its first store almost two decades ago, sustained growth will enable an accelerated pace of ...

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Billionaire Kuok to seek $500 million cinema unit sale

  Bloomberg Billionaire Robert Kuok is seeking a buyer for Golden Screen Cinemas Sdn., Malaysia’s largest movie theater chain, in a deal that could fetch as much as $500 million, people with knowledge of the matter said. PPB Group Bhd., a Kuala Lumpur-listed company controlled by the Malaysian tycoon, has received first-round bids for the cinema business, according to one ...

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China to be first trillion-dollar air market: Boeing

  Beijing / AFP China will become the world’s first trillion-dollar aviation market as its expanding middle class takes to the skies in ever greater numbers, US manufacturer Boeing predicted on Tuesday. The world’s most populous country is expected to add more than 6,800 new aircraft to its commercial fleet worth $1.03 trillion by 2035, Boeing said in its annual ...

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