IKEA founder Ingvar Kamprad dies at 91 following short illness - News Summed Up

IKEA founder Ingvar Kamprad dies at 91 following short illness


IKEA Sverige, the chain’s Swedish unit, said on Twitter that Kamprad died Saturday at his home in Smaland, southern Sweden. STOCKHOLM—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. But his missteps in life, including early flirtations with Nazism, never rubbed off on IKEA, one of the world’s most recognizable brands. In 1994, Swedish newspaper Expressen reported that Kamprad had contacts with Swedish fascist leader Per Engdahl in the 1940s and ‘50s. IKEA is owned by foundation that Kamprad created, whose statutes require profits to be reinvested in the company or donated to charity.


Source: thestar January 28, 2018 14:03 UTC



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