Simpo, Ikea to increase volume of cooperation

Simpo, Ikea to increase volume of cooperation

Serbian home furnishing manufacturer and retailer Simpo and Swedish furniture giant Ikea will increase the volume of cooperation in 2014, it was agreed on Tuesday at a meeting between Simpo General Manager Dragan Tomic and Ikea representatives.

Tomic informed Ikea representatives about the changes in Simpo following the agreement with the Serbian government on conversion of the company's liabilities into the state capital and the fact that the government will become a majority owner of the company once the process is finished.

Ikea representatives notified Tomic about the stage of construction of its centers in the region and reiterated the company's willingness for Simpo to be the supplier of Ikea's centers in southeastern Europe in line with earlier agreements, Simpo released in a statement.