1943 — IKEA is founded by Ingvar Kamprad. In
1943, when Ingvar was 17, his father gave him a gift for succeeding in
his studies. The gift was used to establish his own business. The name
IKEA was formed from the founder’s initials (I.K.) plus the first
letters of Elmtaryd and Agunnaryd, the farm and village where he grew
up. IKEA originally sold pens, wallets, picture frames, table runners,
watches, jewellery and nylon stockings – whatever Ingvar found a need
for that he could fill with a product at a reduced price.

Vision: A Better Everyday Life


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