Livestream: Ikea set to announce format, location

Livestream: Ikea set to announce format, location
Photo credit: Reuters

Plans for Ikea's entry into New Zealand are set to be revealed on Friday morning.

Livestream is now over. Watch the announcement below or read more about it here:

The announcement last year that the Swedish company would be hitting the shores of Aotearoa was welcomed by many Kiwis.

Friday's announcement will be made by Ikea's global chief executive in Auckland, with the expectation the format and location will be revealed.

There has been speculation about where a potential big-box store could be located, including at Westgate or Drury.

The company typically looks for area with more than 1.5 million people within a 48km radius to establish a mega store - leaving Auckland as the only viable option.

A "Bring Ikea to NZ" Facebook page received more than 19,000 likes, and has now changed its name to "Ikea is coming to NZ".