The founder of the Swedish furniture chain Ikea Ingvar Kamprad, in 2002 at the headquarters of the decoration giant in Almhult, southern Sweden
The founder of the Swedish furniture chain Ikea, Ingvar Kamprad, died on Sunday at the age of 91 after a „brief illness,“ the company reported.
„Ingvar Kamprad passed away calmly at home“ in southern Sweden, Ikea announced on Twitter, an empire that currently employs 190,000 people in various parts of the world and generates a turnover of 38,000 million euros.
Ikea has stores in more than 50 countries, mainly in Europe. In Latin America, it is only present in the Dominican Republic.
„We will remember your dedication and commitment“ to normal people, said Torbjorn Loof, executive director and president of the Inter IKEA group, in a statement.
Born in 1926 into a family of farmers in the south of the Swedish region of Smaland, Ingvar Kamprad founded the company at age 17 and achieved rapid success by adjusting prices to sell cheaper than the established competition.
„His legacy will be admired for many years and his vision – to create a better life every day for many people – will continue to guide and inspire us,“ Jesper Brodin, president of the Ikea group, said in a statement.