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IKEA is a privately-held, international home products retailer that sells low-price products, including furniture, accessories, bathrooms and kitchens at retail stores around the world. It became famous for the fact that the customer has to assemble many of the products. IKEA was founded in 1943 by Ingvar Kamprad in Sweden and it is owned by a Dutch-registered foundation controlled by the Kamprad family. IKEA is an acronym comprising the initials of the founder’s name (Ingvar Kamprad), farm where he grew up (Elmtaryd) and home village (Agunnaryd). INGKA Holding B.V. is the ultimate parent company for all IKEA Group companies, including the industrial group Swedwood, which manufactures IKEA furniture, the sales companies that run IKEA stores, as well as purchasing and supply functions, and IKEA of Sweden, which is responsible for the design and development of products in the IKEA range. INGKA Holding BV is wholly owned by Stichting INGKA Foundation, which is a foundation registered in Leiden in the Netherlands.
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