retail franchises including ikea franchise, shop franchise, retail outletsAFX News is reporting that home furniture retailer Fourlis has said it has signed an initial agreement with InterIKEA for the development of IKEA franchise stores in Bulgaria. The company said the first store is expected to open in 2008. Fourlis is reported by AFX to have said it will establish a Bulgarian subsidiary for the purpose of expanding there, and will hold 70 pct of its share capital and full management control.

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