Ingvar Kamprad (pic), the enigmatic founder of Swedish furniture giant Ikea, died aged 91 following a “brief illness” on Sunday, the company said. We will remember his dedication and commitment” to ordinary people, Torbjorn Loof, CEO and president of Inter Ikea Group, said in a statement. Born in 1926 to a farming family in the southern Swedish region of Smaland, Kamprad founded the company at age 17. His early success came from squeezing prices to undercut established competitors. The European Commission announced last year that it launched an investigation into Ikea’s tax deals in the Netherlands.

Source: thestar January 28, 2018 11:15 UTC