Commerce furniture designer and manufacturer Nova LifeStyle Inc. says it will expand the number of products it sells to Swedish retail giant Ikea Group.
Nova will add four products to the lines it already sells through Ikea’s Chinese stores. The new products will begin shipping in the second quarter. In a statement Tuesday, Nova executives said they expect the new products to add $4 million to $6 million in sales in the first full year. Nova reported total sales of about $70 million for the first nine months of last year.
Nova’s Chief Executive Jeffrey Wong said Ikea agreed to buy more products after the retailer visited Nova’s facilities earlier this month. Ikea has been a customer for three years, the company said.
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