Finnish furniture retail company Indor Group OY with its two furniture retail networks Asko and Sotka plans to open two furniture shops in Lithuania next year.
Published:
19 December 2001 y., Wednesday
Finnish furniture retail company Indor Group OY with its two furniture retail networks Asko and Sotka plans to open two furniture shops in Lithuania next year.
“We will start our activities in Lithuania by opening shops of both – Asko and Sotka networks at the same time, and our goal is to become the market leader in the Baltic States”, says Ora Lyytikainen, Finance Director of Indoor Group.
Asko will offer high quality furniture and interior decoration items, whereas Sotka will aim at middle income clients.
In 2000, Indoor Group had a turnover of EUR 156 million and at present has 26% of the Finnish furniture market. It has been active in Estonia for 5 years, where its annual turnover growth is 30%.
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