Money News

Ikea closes all stores in China due to coronavirus outbreak

A Chinese woman walks past the Ikea store on its opening day in Beijing April 12, 2006. REUTERS/Files

BEIJING (Reuters) - Sweden’s IKEA said on Thursday that it has temporarily closed all its stores in China because of the outbreak of the new coronavirus.

The decision to close all of its 30 stores follows an announcement from world’s biggest furniture retailer on Wednesday that it was closing around half of its stores and shortening the opening hours.

The total number of confirmed deaths from the coronavirus in China has risen by 38 to 170 as of Wednesday, as the number of infected patients rose by more than 1,700. [nB9N28U05G]

Reporting by Muyu Xu and Tony Munroe; Editing by Christian Schmollinger