http://www.bbc.com/news/world-europe-42851668
Ikea founder Ingvar Kamprad dies in Sweden at 91
Image copyrightREUTERS
Image captionIngvar Kamprad said there were "many reasons" why he loved his business
The Swedish founder of the Ikea furniture chain, Ingvar Kamprad, has died at the age of 91, the company has announced.
Mr Kamprad - who pioneered flat-pack furniture - died at his home in Småland, Ikea confirmed in a statement.
The company said that Mr Kamprad was "one of the greatest entrepreneurs of the 20th century".
The billionaire, who was born in 1926 in Småland, founded Ikea at the age of 17.
He used some money his father had given him as a gift for performing well at school despite his dyslexia.
Mr Kamprad "peacefully passed away at his home", Ikea's statement said.
"He worked until the very end of his life, staying true to his own motto that most things remain to be done," it added. Mr Kamprad eventually stepped down from the company's board in 2013.
"Ingvar Kamprad was a great entrepreneur of the typical southern Swedish kind - hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye," the company said.
His company's designs became popular in part because of their simplicity and value.
Mr Kamprad is reported to have come up with the idea of flat-pack furniture after watching an employee remove the legs from a table in order to fit it into a customer's car.
"People have tried to reproduce and copy that, but unsuccessfully," he 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".
Image copyrightGETTY IMAGES
Image captionThe tycoon said he built the furniture business on the "local ethos" of his home province, Småland
Mr Kamprad was renowned for his devotion to frugality, reportedly driving an old Volvo and travelling by economy class.
In a 2016 interview with Swedish television channel TV4, Mr Kamprad said that it was "in the nature of Småland to be thrifty".
"If you look at me now, I don't think I'm wearing anything that wasn't bought at a flea market," he said.
He told the channel that he built his business on a "local ethos".
"We have Småland in the blood, and we know what a krona is - even though it is not as much as it was when we bought candy and went to elementary school," he said, referring to the Swedish currency.
Ikea: Key facts
In an interview in the 1980s, Mr Kamprad said that there were "many reasons" why he had an affection for furniture retail stores.
"They are forerunners when it comes to distribution," he said, adding that he enjoyed the challenge of creating an efficient experience for customers.
In the later years of his life, Mr Kamprad had faced questions over his past links to the Nazis.
The tycoon revealed some elements of his past in a book in 1988, admitting that he was a close friend of the Swedish fascist activist Per Engdahl, and a member of his New Swedish Movement between 1942 and 1945.
He said that his involvement was youthful "stupidity" and the "greatest mistake" of his life.
But a 2011 book by Elisabeth Asbrink alleged details beyond what Mr Kamprad had previously admitted. She wrote that he was an active recruiter for a Swedish Nazi group, and stayed close to sympathisers well after World War Two.
At the time a spokesman for Mr Kamprad said he had long admitted flirting with fascism, but that there were now "no Nazi-sympathising thoughts in Ingvar's head whatsoever".
More on this story
Ikea founder Ingvar Kamprad dies in Sweden at 91
- 28 January 2018
- Europe
Image copyrightREUTERS
Image captionIngvar Kamprad said there were "many reasons" why he loved his business
The Swedish founder of the Ikea furniture chain, Ingvar Kamprad, has died at the age of 91, the company has announced.
Mr Kamprad - who pioneered flat-pack furniture - died at his home in Småland, Ikea confirmed in a statement.
The company said that Mr Kamprad was "one of the greatest entrepreneurs of the 20th century".
The billionaire, who was born in 1926 in Småland, founded Ikea at the age of 17.
He used some money his father had given him as a gift for performing well at school despite his dyslexia.
Mr Kamprad "peacefully passed away at his home", Ikea's statement said.
"He worked until the very end of his life, staying true to his own motto that most things remain to be done," it added. Mr Kamprad eventually stepped down from the company's board in 2013.
"Ingvar Kamprad was a great entrepreneur of the typical southern Swedish kind - hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye," the company said.
His company's designs became popular in part because of their simplicity and value.
Mr Kamprad is reported to have come up with the idea of flat-pack furniture after watching an employee remove the legs from a table in order to fit it into a customer's car.
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"People have tried to reproduce and copy that, but unsuccessfully," he 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".
Image copyrightGETTY IMAGES
Image captionThe tycoon said he built the furniture business on the "local ethos" of his home province, Småland
Mr Kamprad was renowned for his devotion to frugality, reportedly driving an old Volvo and travelling by economy class.
In a 2016 interview with Swedish television channel TV4, Mr Kamprad said that it was "in the nature of Småland to be thrifty".
"If you look at me now, I don't think I'm wearing anything that wasn't bought at a flea market," he said.
He told the channel that he built his business on a "local ethos".
"We have Småland in the blood, and we know what a krona is - even though it is not as much as it was when we bought candy and went to elementary school," he said, referring to the Swedish currency.
Ikea: Key facts
- Ikea started in 1943 and now has 389 stores worldwide
- The name comes from Mr Kamprad's initials (IK), together with the name of the farm he grew up on - Elmtaryd (E)- and the nearby village Agunnaryd (A)
- The company's retail sales totalled 36.4bn euros ($43bn, £30bn) in 2016
- Its flat-pack furniture became iconic both for its affordability and for its picture-based assembly instructions
In an interview in the 1980s, Mr Kamprad said that there were "many reasons" why he had an affection for furniture retail stores.
"They are forerunners when it comes to distribution," he said, adding that he enjoyed the challenge of creating an efficient experience for customers.
In the later years of his life, Mr Kamprad had faced questions over his past links to the Nazis.
The tycoon revealed some elements of his past in a book in 1988, admitting that he was a close friend of the Swedish fascist activist Per Engdahl, and a member of his New Swedish Movement between 1942 and 1945.
He said that his involvement was youthful "stupidity" and the "greatest mistake" of his life.
But a 2011 book by Elisabeth Asbrink alleged details beyond what Mr Kamprad had previously admitted. She wrote that he was an active recruiter for a Swedish Nazi group, and stayed close to sympathisers well after World War Two.
At the time a spokesman for Mr Kamprad said he had long admitted flirting with fascism, but that there were now "no Nazi-sympathising thoughts in Ingvar's head whatsoever".
