Ingvar Kamprad, the IKEA founder who turned a small-scale mail order business into a global furniture empire, has died at 91, the company said Sunday. IKEA Sverige, the chain's Swedish unit, said on Twitter that Kamprad died Saturday at his home in Smaland, southern Sweden. "He will be much missed and warmly remembered by his family and IKEA staff all around the world," the company said. In 1950, Kamprad introduced furniture into his catalog, pieces that were produced by local manufacturers in the forests close to his home. IKEA is owned by foundation that Kamprad created, whose statutes require profits to be reinvested in the company or donated to charity.

Source: ABC News January 28, 2018 11:19 UTC