Profile
From his childhood, Ingvar Kamprad, the founder of IKEA has shown a gift for business by selling matches and Christmas decorations. Since then, the Swedish history of little matches ‘seller became billionaire has gone all around the world.
In 1943, as a reward for his success in school, his father gave him a sum of money. This money will help him to create a business called IKEA, acronym of Ingvar Kamprad, Elmtaryd (the family farm) and Agunnaryd (his native village). To develop the sales, Ingvar publishes a catalogue for mail order. In 1947, he adds furniture. In 1953, he creates the first store devoted entirely to furniture.
Ingvar Kamprad has a simple strategy: selling products at unbeatable prices, a method which meets a big success, a success that disturbs competitors.
Ingvar has no choice; he has to produce himself his furniture. He opens the first showroom that allows customers to see and test the furniture before ordering. In order to reduce costs, he has a great idea: making fabricate furniture by purchasers. This solution also allows substantial savings thanks to the flat packaging that reduces transportation costs.
The first store is created in 1965 in Stockholm, the first of a big chain which now counts more than 115 stores in 25 countries.
With a fortune estimated at $ 6 billion, Ingvar Kamprad is ranked 162nd richest man in the world, according to Forbes.
Latest news about Ingvar Feodor Kamprad
Former positions of Ingvar Feodor Kamprad
Companies | Position | End |
---|---|---|
IKEA of Sweden AB
IKEA of Sweden AB Home FurnishingsConsumer Durables IKEA of Sweden AB manufactures and retails furniture. It owns and operates a chain of IKEA stores, which sells furniture, fixtures, accessories, and decorative goods for kitchen, bathroom, and living room. The company has 278 stores in 36 countries in Europe, North America, Australia, and Asia. IKEA of Sweden was founded by Ingvar Feodor Kamprad in 1943 and is headquartered in Älmhult, Sweden. | Corporate Officer/Principal | 2018-01-26 |
Ingka Holding BV
Ingka Holding BV Specialty StoresRetail Trade Ingka Holding BV is a holding company, which engages in the design, development, manufacture, and sale of home furnishings. It offers furniture and accessories, as well as bathrooms and kitchen products through retail stores. The company was founded by Ingvar Feodor Kamprad in 1943 and is headquartered in Leiden, the Netherlands. | Founder | 2018-01-26 |
IKEA AB
IKEA AB Specialty StoresRetail Trade IKEA AB wholesales and distributes household furnishing equipment. The firm produces wooden furniture. It also owns and manages its subsidiaries. The company is headquartered in Almhult, Sweden. | Founder | - |
Värdshuset i Älmhult AB
Värdshuset i Älmhult AB Hotels/Resorts/Cruise linesConsumer Services Värdshuset i Älmhult AB is a Swedish company that operates a hotel and restaurant. The private company is based in Almhult, Sweden. Part of Inter IKEA Holding BV, the company was founded in 1964 by Ingvar Feodor Kamprad. | Founder | - |
IKEA Deutschland GmbH & Co. KG
IKEA Deutschland GmbH & Co. KG Specialty StoresRetail Trade Part of Stichting INGKA Foundation, IKEA Deutschland GmbH & Co. KG is a furniture and home goods retailer. The private company is based in Hofheim-Wallau, Germany. IKEA offers a wide range of products for home decoration and furnishing. The German company was founded in 1943 by Ingvar Feodor Kamprad. The CEO is Dennis Balslev. | Founder | - |
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
Private companies | 10 |
---|---|
Ingka Holding BV
Ingka Holding BV Specialty StoresRetail Trade Ingka Holding BV is a holding company, which engages in the design, development, manufacture, and sale of home furnishings. It offers furniture and accessories, as well as bathrooms and kitchen products through retail stores. The company was founded by Ingvar Feodor Kamprad in 1943 and is headquartered in Leiden, the Netherlands. | Retail Trade |
IKEA International A/S
IKEA International A/S Home FurnishingsConsumer Durables IKEA International A/S retails furniture and home furnishing products. The firm provides products such as cookware, decoration, flooring, lighting, sofas, stands, beds and mattresses. The company was founded by Ingvar Kamprad in 1943 and is located in Tastrup, Denmark. | Consumer Durables |
IKEA of Sweden AB
IKEA of Sweden AB Home FurnishingsConsumer Durables IKEA of Sweden AB manufactures and retails furniture. It owns and operates a chain of IKEA stores, which sells furniture, fixtures, accessories, and decorative goods for kitchen, bathroom, and living room. The company has 278 stores in 36 countries in Europe, North America, Australia, and Asia. IKEA of Sweden was founded by Ingvar Feodor Kamprad in 1943 and is headquartered in Älmhult, Sweden. | Consumer Durables |
Stichting INGKA Foundation
Stichting INGKA Foundation Investment Trusts/Mutual FundsMiscellaneous Stichting INGKA Foundation engages in charitable activities in the field of architectural and interior design. The company was founded by Ingvar Feodor Kamprad in 1982 and is headquartered in Leiden, the Netherlands. | Miscellaneous |
IKEA Ltd.
IKEA Ltd. Specialty StoresRetail Trade IKEA Ltd. offers a range of home furnishing products. It provides storage furniture, TV solutions, small storage, sofas and armchairs, tables and desks, lighting, decoration and mirrors, and beds and mattresses. The company was founded by Ingvar Kamprad in 1926 and is headquartered in London, UK. | Retail Trade |
IKEA AB
IKEA AB Specialty StoresRetail Trade IKEA AB wholesales and distributes household furnishing equipment. The firm produces wooden furniture. It also owns and manages its subsidiaries. The company is headquartered in Almhult, Sweden. | Retail Trade |
IKEA Group
IKEA Group Miscellaneous Commercial ServicesCommercial Services IKEA Group retails furniture, home furnishings, and house wares. It is engaged in manufacturing and distribution activities through its subsidiary. The firm also sells its products through catalogues and websites. Its product’s portfolio comprises several furniture and furnishing items such as storage furniture, television solutions, small storage furniture, sofas and armchair, table and desks, chairs, lighting, home decor products, and flooring materials. The company was founded by Ingvar Feodor Kamprad in 1943 and is headquartered in Leiden, the Netherlands. | Commercial Services |
Ikano Bank, Filial af Ikano Bank AB, Sverige
Ikano Bank, Filial af Ikano Bank AB, Sverige Regional BanksFinance Ikano Bank, Filial af Ikano Bank AB, Sverige operates as a bank. It offers products such as loan, savings, and credit and charge cards. The company was founded by Ingvar Feodor Kamprad in 1978 and is headquartered in Glostrup, Denmark. | Finance |
IKEA Deutschland GmbH & Co. KG
IKEA Deutschland GmbH & Co. KG Specialty StoresRetail Trade Part of Stichting INGKA Foundation, IKEA Deutschland GmbH & Co. KG is a furniture and home goods retailer. The private company is based in Hofheim-Wallau, Germany. IKEA offers a wide range of products for home decoration and furnishing. The German company was founded in 1943 by Ingvar Feodor Kamprad. The CEO is Dennis Balslev. | Retail Trade |
Värdshuset i Älmhult AB
Värdshuset i Älmhult AB Hotels/Resorts/Cruise linesConsumer Services Värdshuset i Älmhult AB is a Swedish company that operates a hotel and restaurant. The private company is based in Almhult, Sweden. Part of Inter IKEA Holding BV, the company was founded in 1964 by Ingvar Feodor Kamprad. | Consumer Services |