Founder of IKEA Ingvar Kamprad has passed away at 91 years old. Kamprad started IKEA in 1943 when he was just 18 years old, naming it as an acronym of his own initials and the name of the farm he lived on (Elmtaryd) and the nearest village (Agunnaryd). Initially he sold products via mail order, but opened his first brick and mortar store in 1958. Now it’s one of the biggest names in retail, with stores in 49 countries. As Dezeen points out, the brand “could be misinterpreted as a low-price company doing cheap stuff,” but their Head of Design Marcus Engman made clear “we’re all about affordability. There’s a big difference.” Read more of Kamprad at Dezeen.
Farewell to Ingvar Kamprad, the founder of IKEA