IKEA founder Ingvar Kamprad dies at 91
Ingvar Kampard, the founder of IKEA, died at his home in Sweden on Saturday, his family said in a public statement.
Ingvar Kamprad (pic: wikimedia commons)
Despite his considerable fortune, Ingvar Kamprad was recognized for his modest lifestyle and his discretion.
Ikea is currently the world’s largest chain of furniture stores. The Swedish company has nearly two hundred thousand employees around the world and a turnover of 38 billion euros.
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IKEA founder resigned from company’s leadership in 2013, when he appointed one of his sons to replace him as CEO.
The name IKEA contains the initials of the founder, Ingvar Kamprad, combined with the initials of the farm where he had worked, Elmtaryd, and of the town where he grew up, Agunnaryd.
Photo credit: By Ministry of Enterprise, Energy and Communications of Sweden/Sandra Baqirjazid [CC BY 2.0], via Wikimedia Commons
