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Ikea founder Kamprad dead

Ikea founder Kamprad dead”

Feodor Ingvar Kamprad, more commonly called just Ingvar Kamprad, was born on March 30, 1926, in a farming family.

He used some money gifted by his father for performing well at school despite his dyslexia, to set up the business.

IKEA Sverige, the chain's Swedish unit, said on Twitter that Kamprad died Saturday at his home in Smaland, southern Sweden.

"He worked until the very end of his life, staying true to his own motto that most things remain to be done", it stated. He stepped down from the company's board in the year 2013.

Ikea became extremely popular with buyers due to its easy to assemble furniture and now has about 411 stores worldwide.

Samantha Armytage has joked the IKEA founder who recently passed away should be buried in a "flat-packed furniture box".

"He believed people should be able to buy quality furniture at accessible prices, as long as they were willing to do some assembly themselves", Saunders 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".

Kamprad was known to lead a frugal life and drive a simple Volvo auto well into his later years.

Founder of Swedish furniture firm Ikea Ingvar Kamprad dead aged 91

Sweden's Prime Minister Stefan Lofven praised Kamprad as an inspirational figure whose influence had reached far beyond his native land. "I don't think I'm wearing anything that wasn't bought at a flea market".

In a 2016 interview with Swedish television channel TV4, he said that it was "in the nature of Smaland to be thrifty".

Although he was no longer involved in IKEA's daily operations, his principles remained deeply ingrained in the company, which sometimes operated more like a secretive cult than a business, according to Stenebo's book.

Previous year (2017), the European Commission announced that it had launched an investigation into Ikea's tax deals in the Netherlands.

The European Green Party said that the arrangement had allowed the company to avoid paying some €1bn in tax between 2009 and 2014.

In more recent years, Mr Kamprad had faced scrutiny over his past links to Nazi groups.

In a 1998 book about the history of IKEA - which Kamprad co-authored - he admitted to an earlier report from Swedish daily Expressen that Kamprad was a supporter of Sweden's Fascist leader Per Engdahl in the 1940s. But Kamprad said he stopped attending its meetings in 1948, later attributing the period to the "folly of youth", calling it "the greatest mistake of my life".

Kamprad and Stennert were married from 1940-2011.



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