Following the collapse of his retail empire, Topshop tycoon Sir Philip Green will raise $534 million (Rp7.6 trillion) from the sale of the iconic three-storey Topshop Oxford Street flagship store to IKEA
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Hero Supermarket sold its IKEA Sentul City branch to Archipelago Property Development (APD) for Rp280 billion
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Recently, Bank Indonesia released the data on the growth of Indonesian retail sales and in April 2021, the growth peaked by 15.6%.
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Giant and Centro are reportedly closing down their business this year after 15 months of struggle to survive the pandemic
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