Categories: Business

Ikea founder Ingvar Kamprad dies in Sweden at 91

LONDON (BBC): The Swedish founder of the Ikea furniture chain, Ingvar Kamprad, has died at the age of 91, the company has announced.

Mr Kamprad – who pioneered flat-pack furniture – died at his home in Småland, Ikea confirmed in a statement.

The company said that Mr Kamprad was “one of the greatest entrepreneurs of the 20th century”.

The billionaire, who was born in 1926 in Småland, founded Ikea at the age of 17.

He used some money his father had given him as a gift for performing well at school despite his dyslexia.

Mr Kamprad “peacefully passed away at his home”, Ikea’s statement said.

He worked until the very end of his life, staying true to his own motto that most things remain to be done,” it added. Mr Kamprad eventually stepped down from the company’s board in 2013, at the age of 87.

“Ingvar Kamprad was a great entrepreneur of the typical southern Swedish kind – hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye,” the company said.

His company’s designs became popular in part because of their simplicity and value.

Mr Kamprad is reported to have come up with the idea of flat-pack furniture after watching an employee remove the legs from a table in order to fit it into a customer’s car.

Furniture designer Jeff Banks said that Mr Kamprad’s creations radically changed how people made and designed products for the home.

“People have tried to reproduce and copy that, but unsuccessfully,” he said.

Mr Banks added that the designs produced and sold through the retailer made good use of recyclable products, adding that Mr Kamprad was “head and shoulders above the rest”.

 

The Frontier Post

Recent Posts

Arsenal sink Bournemouth to move four points clear in title race

LONDON (AFP): Arsenal moved four points clear at the top of the Premier League as…

4 mins ago

Pakistan hold training session ahead of Ireland tour

F.P. Report LAHORE: The Pakistan men’s cricket team on Saturday, kicked off training for the…

4 mins ago

Sinner withdraws from Italian Open with hip injury

MILAN (AFP): Australian Open champion Jannik Sinner announced Saturday he will not play at the…

4 mins ago

Taiwan will have Trump’s support if he wins, ex-appointee says

TAIPEI (Reuters): A former US ambassador appointed by Donald Trump said on Saturday he believed…

6 mins ago

Pak-Uzbek business community welcomes KSA’s $20 billion investment in Uzbekistan

TASHKENT (APP): The business communities of Pakistan and Uzbekistan on Saturday welcomed Saudi Arabia’s $20…

9 mins ago

Credit Suisse China securities JV says staff down 46% in 2023

HONG KONG (Reuters): Credit Suisse's securities brokerage joint venture in China said its staff numbers…

9 mins ago

This website uses cookies.