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Fri 06 Jun 2008Ikea stacks up Irish losses
SWEDISH RETAILER Ikea has yet to open its doors to its store in Dublin's Ballymun - or even hang them - but already its Irish subsidiary has racked up losses of €1.83 million.
Accounts just filed for Ikea Ireland Ltd show that it incurred administrative costs of just more than €1 million in the year to the end of August 2007. This compared with a similar expense of €510,532 in the previous year.
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