IKEA
IKEA is a multinational furniture company that was founded by Ingvar Kamprad, from Sweden. The name IKEA is an acronym from the name Ingvar Kamprad, Elmtaryd (the farm where he grew up), and Agunnaryd (his hometown in Småland, southern Sweden).
 | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 28 July 1943[1] in Sweden |
| Founder | Ingvar Kamprad |
| Headquarters | Delft, Netherlands |
Number of locations | 445 (2021)[2] |
Area served | Europe, Middle East, North Africa, East Asia, South Asia, Southeast Asia, Oceania, North America |
Key people | |
| Products | Ready-to-assemble furniture, homeware, food products |
| Revenue |  €41.3 billion (FY 2019)[5] |
2,246,000,000 Euro (2023)  | |
| 1,639,000,000 Euro (2023) | |
| Total assets | 23,001,000,000 Euro (2023) |
Number of employees | 219,000 (2023) |
| Website | about www Retail page www |
History
The company was started in 1943 by Ingvar Kamprad (1926-2018) when he was seventeen years old as a mostly mail-order sales business. [6]From the beginning, the company was selling items such as pens, picture frames, clocks, jewellery, nylon stocking, wallets and whatnot. After an order, Kamprad would often deliver it himself. By 1947 it started selling furniture and by 1958 the first IKEA store was opened in Älmhult, Småland. The first stores outside Sweden were opened in Norway (1963) and Denmark (1969). The stores spread to other parts of Europe in the 1970s, with the first store outside Scandinavia opening in Switzerland (1973), followed by West Germany (1974).
